GEMET
General
Multilingual
Environmental
Thesaurus
gross domestic product
Definition

The total output of goods and services produced by a national economy in a given period, usually a year, valued at market prices. It is gross, since no allowance is made, for the value of replacement capital goods.

Alternatives: GDP;
Related terms
Broader:
Themes:
Other relations
Scope note

Scope note is not available.

Concept URL: http://www.eionet.europa.eu/gemet/concept/11050