ECONOMIC HEALTH

Economic Health

Economic Health

Gross Domestic Product

The gross domestic product (GDP) is the market value of all the final goods and services produced in a country in a given period. As early as the 19th century, the need to compile information on the evolution of an economy over time prompted economists to develop aggregate calculations of a country's total production.

The GDP contains information about the scale and composition of a country's production, the income it generates, the size and makeup of its citizens' spending (in other words, the standard of living of its population), employment creation, and how these variables ...