Gross Domestic Product
a.k.a. GDP
The total value of all goods and services produced in a country over a period: the broadest measure of an…
In plain English
The total value of all goods and services produced in a country over a period: the broadest measure of an economy's size and growth.
GDP adds up everything an economy produces, typically reported quarterly. The headline figure is usually the growth rate, adjusted for inflation ('real' GDP).
Strong growth tends to support a currency, because it can mean higher interest rates ahead. Two quarters of falling GDP is a common, though unofficial, shorthand for a recession. Early GDP estimates are often revised.
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