What is gross domestic product (GDP)?

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Gross domestic product (GDP) is the value of all the goods and services made in an economy during a specificperiod. China'a GDP has come under particular scrutiny during the trade war with the United States.

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[gmbodhi]

Lol without the riots SCMP is running out of content

[brifcas]

Some examples please to point out the difference between two more countries GDP. Thanks

[AndrewManook]

And you did not mention GDP PPP (Unsurprisingly) which measures the true economic size of a nation.


GDP Nominal is the exchange rate value of the economy in US dollars, in other words it is only useful for measuring how far tourist dollars go in any given country.

[houroflove]

Umm...so why was this GDP lesson given?

[jackl]

breaking news，the meaning of GDP has been discovered

[NightcorEDM]

Some people think gdp is everything like mistpill

[AE-cjch]

GDP per capita doesn't measure equity, also no indication on technology and innovation which is the key to long term economic growth

[NightcorEDM]

When ur gdp is a million but the cost of living is two million per year smh

[eghosa]

Hmm, now I finally understand what GDP means, what about GDP per capita?