This article is about Gross Domestic Product. For the article on the company with ticker GDP, see Goodrich Petroleum (GDP). For articles about country GDPs see GDP (Disambiguation)
A country's Gross Domestic Product is the total value of the goods and services it produces in one year. GDP is used as a measurement of the size of a country's economy, and GDP growth is used as a measurement of economic growth - for example, in the US, two consecutive quarters of negative GDP growth is the official definition of a recession.
GDP = C + I + G + NX,
Where:
- C = Consumer Spending
- I = Business Expenses and Spending
- G = Government Spending
- NX = Net Exports
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