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Gross Domestic Product
Term category: Economics
In 10 words or less:  The total value of all the goods produced within a country in one year.

Definition: A country's gross domestic product (GDP) is the value of the goods and services produced in a country.  This includes private and personal consumption, government spending, investments, and net exports.  It's calculated as follows:

GDP = C + G + I + NX; where

C = consumption
G = government spending
I = investment
NX = net exports (exports minus imports)

StockJargon Advice: GDP is an important economic indicator because it helps investors determine

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