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gross domestic product |
Also found in: Financial, Wikipedia, Hutchinson | 0.07 sec. |
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gross domestic product: see gross national product gross domestic product plus income earned by domestic residents through foreign investments minus the income earned by foreign investors in the domestic market. Gross domestic product, often confused with GNP, is calculated from the total value of goods and services produced in an ..... Click the link for more information. . gross domestic product (GDP)Total market value of the goods and services produced by a nation's economy during a specific period of time. GDP is customarily reported on an annual basis. It is defined to include all final goods and services—that is, those that are produced by the economic resources located in that nation regardless of their ownership and are not resold in any form. GDP differs from gross national product (GNP), which is defined to include all final goods and services produced by resources owned by that nation's residents, whether located in the nation or elsewhere. |
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| Does the African country with the highest per capita GDP also have the smallest percentage of people living in poverty? The per capita GDP in both countries would be about $105,000 per person, measured in 2005 prices, or about 2. The per capita GDP in Europe's Luxembourg is $ --, more than that of the U. |
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