Gross Domestic Product (GDP) is the total monetary value of all goods and services produced within a country in a given period. It is the most widely used measure of an economy's size and performance.
Defining GDP Gross Domestic Product (GDP) is the total monetary value of all final goods and services produced within the borders of a country during a specific time period — typically one year or one quarter. It is the broadest single measure of economic activity and serves as the primary indicator of a country's economic health. GDP was developed in the 1930s by economist Simon Kuznets and has since become the standard metric for comparing economic performance across countries and time periods