gross domestic product

(redirected from Per capita GDP)
Also found in: Dictionary, Thesaurus, Encyclopedia.
Related to Per capita GDP: Real GDP, Purchasing power parity

Gross domestic product (GDP)

The market value of final goods and services produced over time including the income of foreign corporations and foreign residents working in the U.S., but excluding the income of U.S. residents and corporations overseas.

Gross Domestic Product

A measure of the value of the total production in a country, usually in a given year. Gross domestic product is calculated by adding together total consumer spending, total government spending, total business spending, and the value of net exports. GDP is considered one of the leader indicators of the health of a nation's economy. GDP growth is considered desirable and represents the fact that businesses are producing and that consumers and the government are buying. It is often used as a way to measure a country's standard of living. See also: GNP.

gross domestic product (GDP)

The dollar output of final goods and services in the economy during a given period (usually one year). GDP is one measure of the economic vitality of a country and provides some indication of the health of near-term corporate income. See also economic activity.

Gross domestic product (GDP).

The total value of all the goods and services produced within a country's borders is described as its gross domestic product.

When that figure is adjusted for inflation, it is called the real gross domestic product, and it's generally used to measure the growth of the country's economy.

In the United States, the GDP is calculated and released quarterly by the Department of Commerce.

gross domestic product (GDP)

the total money value of all final goods and services produced in an economy over a one year period.

gross domestic product (GDP)

the total money value of all final GOODS and SERVICES produced in an economy over a one-year period. Gross domestic product can be measured in three ways:
  1. the sum of the value added by each industry in producing the year's output (the output method);
  2. the sum of factor incomes received from producing the year's output (the income method);
  3. the sum of expenditures on the year's domestic output of goods and services (the expenditure method).

In 2003, the UK's GDP totalled £1,100 billion (in current market prices). See Fig. 133 (b) , NATIONAL INCOME ACCOUNTS entry See Fig. 166 , REAL VALUES entry, which gives details of the UK's GDP for the period 1997–2003. See SECULAR TREND.

References in periodicals archive ?
The data shows that across the UK as a whole, growth in per capita GDP has also slowed down compared to the European average.
The per capita GDP increased from [yen]119 in 1952 to [yen]7199 in 1999.
A symbol of wealth, number two on the list has a per capita GDP (PPP) of $97,662, which is nine times the world average.
In this study public health expenditure and GDP are expressed as per capita public health expenditure and per capita GDP.
In 2015, South Korea's estimated per capita GDP was $27,513, now nearly 10 times the Philippines' $2,951.
Population growth and total labour force have negatively skewed whereas per capita GDP and per capita saving are positively skewed.
Singapore comes in third with a yearly per capita GDP of approximately $61,600.
According to the 2014 estimates Qatar's rank on PPP basis is first with a per capita GDP of $96903; the rank on nominal GDP basis being second with a per capita GDP of $102785.
After identifying the factors that might affect the per capita GDP growth rate in log form and by applying the GMM estimators in STATA 10.
By 2013, per capita GDP had soared to almost $69,000, putting it second only to Alaska.
Global Well-Being since 1820, produced in collaboration with the OECD and OECD Development Centre, shows that, with the exception of sub-Saharan Africa, countries have generally become more equal to each other in terms of well-being than in terms of per capita GDP - particularly in recent decades.
S& P said that the rating could be raised if the economy reverts to a real per capita GDP trend growth of 5.