GDP (Gross Domestic Product)

Gross Domestic Product (GDP) is the total value of all goods and services produced within a country over a specific period, typically a year. It serves as an economic measurement indicating the size and health of a nation's economy. GDP includes everything from manufacturing and services to agriculture, reflecting the overall economic activity. When GDP grows, the economy is typically doing well, leading to more jobs and income. Conversely, a decline suggests economic slowdown. It’s a key indicator used by policymakers, businesses, and analysts to understand economic performance and make informed decisions.