gross domestic product

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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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.

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.

Dictionary of Financial Terms. Copyright © 2008 Lightbulb Press, Inc. All Rights Reserved.

gross domestic product (GDP)

the total money value of all final goods and services produced in an economy over a one year period.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson

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.

Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
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The gap between the overall LFP rates in the south and north enlarges as a result of the very low FLFP rate in North Cyprus, which might be considered as being one of the main reasons generating the gap between income distribution of North and South Cyprus through undermining the per capita GDP in the north.
Its per capita GDP in 2016 was only 67% of the EU average.
Warwickshire also saw a decline in per capita GDP, as did the West Midlands and the UK as a whole.
In 2001 the national per capita GDP was 15% above the European average there, while in 2014 it was 7% below.
Curve fitting was used to identify the "best fit" curve for the association of per capita GDP and real per capita GDP with the H.
Kuwait is a small, relatively open economy and its citizens enjoy a per capita GDP (PPP) of $73,246.
Table 2 indicates that in 2013, India spends the least on per capita public health expenditure and its per capita GDP is the lowest among BRICS countries.
In 2015, South Korea's estimated per capita GDP was $27,513, now nearly 10 times the Philippines' $2,951.
Per capita GDP is a measure of the total economic output of a country that takes its GDP and divides it by the population.
Bulgaria's economy is set to grow 2.5% in 2016, The Economist has estimated.Macroeconomic data of the Economist Intelligence Unit (EIU) suggest inflation will be at 1.6%, and per capita GDP will be USD 6710.The 2.5% forecast suggests the Bulgarian GDP will grow exactly as much as that of Hungary and Spain and much less than Romania (3.9%).
At the present rate of growth in per capita GDP, it will take another 31 years for this recovery to match the per capita income growth already achieved at this point in previous postwar recoveries."