GDP (Gross Domestic Product) is the sum total of all goods and services produced by a country in a given year.
It is expressed in monetary terms of the currency in that nation. Only those economic activities which take place within the geographical boundaries of a country are included in GDP.
For analysing the total annual production of goods, service and structures within a nation, we have to refer the economic figure GDP, i.e. gross domestic product.
It is a monetary measurement of market values of goods and services produced in certain period of time, either quarterly or yearly.
These GDP estimates are generally used to gauge the economic performance of a country and to make comparisons with other countries.
