The total value of all the goods and services produced within a country's borders is described as its gross domestic product.
When that figure is adjusted for inflation, it is called the real gross domestic product, and it's generally used to measure the growth of the country's economy.
In the United States, the GDP is calculated and released quarterly by the Department of Commerce.
- Browse Related Terms: Beige Book, Consumer confidence index, Currency fluctuation, Economic cycle, Economic indicator, Emerging market, Gross domestic product (GDP), Gross national product (GNP), growth rate, Index of Leading Economic Indicators, Recession, Sector, World Trade Organization (WTO)
Also listed in: