Economics is no different. Economists use many acronyms. One of the most common is GDP, which stands for gross domestic product. It is often cited in newspapers, on the television news, and in reports ...

Gross domestic product, or GDP, is a measure of a ... real (inflation-adjusted), or PPP (purchasing power parity) terms. At a basic interpretation, per-capita GDP shows how much economic ...

During economic downturns an economy’s output of goods and services declines. When times are good, by contrast, that output—usually measured as GDP—increases (see “Gross Domestic Product: An Economy’s ...

This metric measures the three-year compound annual growth rate of real gross domestic product by state, which has been adjusted for inflation to allow for year-to-year comparison. Data comes from ...

Ministry of Statistics and Programme Implementation (MoSPI) is releasing in this Press Note, the First Advance Estimates of Annual Gross Domestic Product (GDP) for the Financial Year (FY) 2024-25 alon ...

For the first time since 2009, the U.S. gross domestic product was negative for two quarters in a row. After dropping 1.6% during the first quarter of 2022, the GDP fell another 0.9% in the second ...

Domestic research and development (R&D) last year ranked second in the world as a percentage of gross domestic product (GDP) ...