Its greatest use is as a point of comparison; for example, to determine if the nation's economy grew or contracted compared ...

All three methods should theoretically yield the same result. However, the most famous GDP formula uses the expenditure approach: GDP = Consumption + Government Spending + Investment + Net Exports.

Sanghnomics: The relevance of GDP as a measure of prosperity is questioned by experts, highlighting its limitations in ...

Gross domestic product, or GDP, is a measure of a country's economic output over a certain time period—usually a year. GDP is looked to as a primary indicator of a country's economic health.

Gerd Altmann/Pixabay.com (CC0-PD) Gross Domestic Product (GDP) is an economic indicator that focuses on the value of goods and services a country produces. Gross National Income (GNI) includes ...

A country's debt-to-GDP ratio is a metric that expresses how leveraged a country is by comparing its public debt to its annual economic output. Just like people and businesses, countries often ...