Difference between revisions of "Gross Domestic Product"
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[[Category:The Cultural Diplomacy Dictionary]] | [[Category:The Cultural Diplomacy Dictionary]] | ||
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| + | == External links and references == | ||
| + | *[http://gdpvisualization.com/| Global GDP] | ||
| + | *[http://databank.worldbank.org/data/home.aspx| World DataBank] | ||
Revision as of 15:24, 3 April 2014
Gross Domestic Product
Gross Domestic Product (GDP) is the official measurement of a country’s goods and services production. While it is often used as an indication of a country’s standard of living, it is not a measure of personal wealth or individual welfare standards. It is not to be confused with Gross National Product (GNP) which is a measure of production by enterprises owned by a country’s citizens; foreign investment and ownership mean that this is not a reflection of a country’s domestic production and thus differs from the GDP.
