What is GDP? Why GDP matters?

Gross Domestic Product (GDP) is the total market value of all the goods and services produced in a country during a specific period.

GDP is an important indicator of a country’s economic health, and it is closely monitored by governments, businesses, and economists.

GDP per capita is a measure of a country’s economic output per person, and it is an important measure of a country’s general standard of living.

GDP growth is an important measure of economic progress, and it is closely watched by investors and governments.

High GDP growth often indicates a strong economy, while low GDP growth can indicate a weak economy.

GDP can also be used to compare the economic performance of different countries.

Changes in GDP can also be used to measure the effects of government policies and economic events.

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