What is Bruttoinlandsprodukt (Gross Domestic Product)?

Bruttoinlandsprodukt (Gross Domestic Product, or GDP) is a key economic indicator used to measure the market value of all final goods and services produced within a country during a specific period. It provides a quantitative measure of a nation's economic output and is often used as a gauge of a country's economic health and growth. GDP takes into account consumption, investment, government spending, and net exports. It is calculated by adding up the value of all goods and services produced within a country's borders and subtracting the value of imports. GDP is an essential tool for policymakers, economists, and investors to analyze and compare economic performance among different countries.

This mind map was published on 20 August 2023 and has been viewed 222 times.