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GDP Gap

   Also found in: Wikipedia 0.04 sec.
GDP Gap
The forfeited output of an country's economy resulting from the failure to create sufficient jobs for all those willing to work.

Notes:
A GDP gap denotes the amount of production that is irretrievably lost. The potential for higher production levels is wasted because there aren't enough jobs supplied.


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We do not need to know the GDP gap, the unemployment gap, or the neutral real interest rate, to keep the price level near constancy.
Thoughts on the Maestro by The International Economy
This variable was, in fact, seen to be more significant than some conventional explanatory variables like the GDP gap or its proxy.
Asset price volatility and consumer price inflation: is there a ... by Wague, Cheick / Journal of Academy of Business and Economics
Queensland has consistently recorded stronger annual economic growth than Australia as a whole and has narrowed its historical GDP gap with the rest of the country, with some sectors being particularly dynamic.
Fitch Affirms Queensland's Ratings; Outlook Stable by Business Wire
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