Gross Domestic Product (GDP)

Gross Domestic Product (GDP) is an inclusive gauge that signifies the aggregate market worth of all completed goods and services generated within a country within a given timeframe. It is a widely acknowledged metric employed to evaluate the overall economic vitality of a nation, offering valuable insights into its annual growth rate, domestic output, and overall economic value. By capturing the comprehensive value of economic activities, GDP provides a holistic perspective on a country’s economic performance and serves as a valuable tool for assessing its economic strength.