Gross Domestic Product

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 broad measurement of a nation’s economic activity and health. Think of it as the sum of everything created or provided inside the country, reflecting how productive the economy is. A higher GDP indicates a larger, more active economy, while a lower GDP suggests less economic activity. It's used by policymakers and analysts to compare economic performance over time or between different countries.