What does GDP stand for?

Gross Domestic Product

An economic statistic used to measure a country's or region's economic performance; reports the monetary value of the total amount of goods and services produced within a country's borders during a specific time period; includes government outlays, private and public consumption, investments, and exports minus a country's imports; commonly used to measure a country's standard of living.


"I didn't realize our country's GDP was so low, we're pretty unproductive."

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Last Updated: February 25, 2015

GDP definition

This page explains what the acronym "GDP" means. The definition, example, and related terms listed above have been written and compiled by the Slangit team.

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