GDP
Gross Domestic Product
Example
Sure, the US is number one in total GDP, but it's only fifth in GDP per capita
GDP definition by Slang.net
This page explains what the acronym "GDP" means. The definition, example, and related terms listed above have been written and compiled by the Slang.net team.
We are constantly updating our database with new slang terms, acronyms, and abbreviations. If you would like to suggest a term or an update to an existing one, please let us know!
Take the pop culture acronym challenge
GDP (gross domestic product) is an economic statistic that measures the monetary value of the goods and services produced within a country's borders in a specified time period. It is used to measure a country or region's economic performance and compare that performance to others'.
Typically, GDP is calculated annually, by adding together the value of a country's private and public consumption, government outlays, investments, and exports, minus the country's imports. You may see economists and other analysts use a country's GDP to gauge the country's current standard of living and future economic prospects.