GDP measures the total economic output of a country, including all goods and services produced within its borders during a specific period.

Summation of Production Values

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GDP accounts for the total spending by consumers on goods and services, reflecting the demand side of the economy.

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LABEL

The value of a country's exports minus its imports is factored in, determining the impact of international trade on the overall economy.

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GDP measures the total economic output of a country, including all goods and services produced within its borders during a specific period.

Comprehensive Economic Indicator:

Summation of Production Values

It adds up the values of production across various sectors, such as agriculture, manufacturing, services, and more.

GDP accounts for the total spending by consumers on goods and services, reflecting the demand side of the economy.

Consumer Spending

LABEL

GDP includes government spending on goods and services, providing insights into the public sector's contribution to the economy.

Government Expenditure

The value of a country's exports minus its imports is factored in, determining the impact of international trade on the overall economy.

Net Exports

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