Top countries by GDP

Gross Domestic Product (GDP) is a measure of the economic performance of a country. It represents the total monetary value of all goods and services produced within a country's borders over a specific period, usually annually or quarterly. GDP is often used as an indicator of a country's economic health and the standard of living of its residents. It encompasses the value of all final goods and services produced by businesses, government, and households within the country's territory, whether they are consumed domestically or exported. GDP can be calculated using three approaches: the production approach, the expenditure approach, and the income approach. Each approach provides a slightly different perspective on the economy but should ideally yield the same GDP figure