GDP

The total value of everything a country produces in a year, in US dollars.

Gross domestic product (GDP) is the total value of the goods and services produced in a country in a year. Each country's statistics office or central bank measures it from its national accounts, and the World Bank collects the figures and converts them to US dollars at each year's exchange rate. The values are in current dollars, not adjusted for inflation, so part of the growth over time is rising prices.

• Economy
• GDP
• National accounts
• Country
• Year