Gross domestic product

Gross domestic product (GDP) is a monetary measure of the value of all final goods and services produced in a period (quarterly or yearly). Nominal GDP estimates are commonly used to determine the economic performance of a whole country or region, and to make international comparisons. Nominal GDP however do not reflect differences in the cost of living and the inflation rates of the countries; therefore using a GDP PPP per capita basis is arguably more useful when comparing differences in living standards between nations.

GDP is not a complete measure of economic activity. It accounts for final output or value added at each stage of production, but not total output or total sales along the entire production process. It deliberately leaves out business-to-business (B2B) transactions in the early and intermediate stages of production, as well as sales of used goods. In the United States, the Bureau of Economic Analysis (BEA) has introduced a new quarterly statistic called gross output (GO), a broader measure that attempts to add up total sales or revenues at all stages of production.Mark Skousen was the first economist to advocate GO as an important macroeconomic tool. Other countries are following suit, such as the United Kingdom, which now producing an annual statistic called Total Output.

GDP (disambiguation)

GDP or gross domestic product is the basic measure of a country's overall economic output.

GDP may also refer to:

  • Giant depolarizing potentials, the first type of electrical activity of developing brain
  • Gibraltar Defence Police, a civil police force which guards and enforces law on Ministry of Defence installations in Gibraltar
  • Good distribution practice, the guidelines for the proper distribution of medicinal products for human use
  • Good Documentation Practice, pharmaceutical description of standards by which documents are created and maintained
  • Ground delay program, a traffic flow initiative for aviation in the United States
  • Guanosine diphosphate, a nucleotide
  • Gewerkschaft der Polizei (GdP), a trade union of police employees in Germany
  • GDP (musician), a hip hop musician from West Orange, New Jersey
  • General Democratic Party, a social democratic party in South Africa
  • GDP (musician)

    Matthew Miller, better known by his stage name GDP, is an American hip hop recording artist from West Orange, New Jersey.

    History

    GDP began in 2008 with the release of a split with Dirty Money. The following year he released his debut full-length album, titled Realistic Expectations via Say-10 Records. In 2010, GDP released an EP titled Magic Bullet via Doom Cat Records.

    In 2011, GDP released his second full-length album titled Useless Eaters via Run For Cover Records.

    In 2013, GDP released his third full-length album with The Wrong Address, titled Holla via Run For Cover.

    In 2014, GDP released a compilation album titled Collectibles via Smokers Cough and Ride The Fury. In March 2014, The Front Bottoms announced at the South by Southwest music festival plans to release a split with GDP sometime in the future. The 7" split was officially announced the following year and was released on April 18, 2015 (Record Store Day).

    Discography

    Studio albums

  • Realistic Expectations (2009, Say-10)
  • Podcasts:

    PLAYLIST TIME:
    • by Rotten Sound

    Gdp

    by: Rotten Sound

    We are born to earn, they are waiting us to serve
    We will be part of the machines raising the GDP
    LEader ruling our world are unable to learn
    Social health, eating wellbeing to death
    Insane leaders, insane rules
    Invented system in the government
    Slavery is pushed down our throats
    Approved lies
    Lies!
    Living up to the social rule book, it gives your life away
    Join this army of fools, retire in misery
    Rules by our leaders (are) fed to us since we were born
    This system is the only accepted way to live until we die
    We are born to learn how to earn, they are waiting us to serve
    We will be part of the machine raising the GDP
    Leaders ruling our world are unable to learn
    Social health, eating wellbeing to death
    Insane leaders, insane rules
    Invented system in the government
    Slavery is pushed down our throats
    Approved lies
    Invented rules, invented leaders
    Are fed to our minds Since we were born
    Until we die
    Until we choke
    Rules are being pushed




    Latest News for: gdp

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    The Jordan Times 06 Apr 2025
    AMMAN — The Gross Domestic Product (GDP) recorded a growth of 2.7 per cent in the fourth quarter of 2024 compared with the same period in 2023, exceeding the estimated rate of 2.5 per cent for the same quarter.

    Việt Nam's GDP expands by 6.93 per cent in Q1

    Vietnam News 06 Apr 2025
    ... cent to the total GDP expansion during January–March, respectively ... In particular, transportation and warehousing grew 9.9 per cent year on year, contributing 0.67 percentage point to the GDP growth.

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    U.S. Wants NATO and Canada to Spend 5 Percent of GDP on Defense

    Breitbart 05 Apr 2025
    ... of GDP ... Wants NATO and Canada to Spend 5 Percent of GDP on Defense appeared first on Breitbart.

    JP Morgan says Donald Trump’s tariffs to send US into recession: Job losses, GDP slump, ...

    Hindustan Times 05 Apr 2025
    In a note to investors released on Friday evening, JP Morgan's chief US economist, Michael Feroli, said the country's gross domestic product (GDP) is expected to contract “under the weight of the tariffs” ... Donald Trump Recession Tariff Gdp.
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