GDP

Gross Domestic Product (GDP) is the total monetary value of all goods and services produced within a country's borders over a specific period, usually a year. It serves as a key indicator of a nation’s economic performance and health. Essentially, GDP measures the size of a country’s economy—how much is produced and consumed. A rising GDP suggests economic growth, while a declining GDP may indicate economic slowdown. It encompasses everything from manufacturing and services to government spending and investments, providing a comprehensive snapshot of economic activity in a nation.