gross domestic product
- Guideline or reference source
- WHO Glossary
- Definition
- Gross domestic product (GDP) corresponds to the value of all goods and services provided in a country by residents and non-residents without regard to their allocation among domestic and foreign claims. Gross domestic product is an aggregate measure of production equal to the sum of the gross values added of all resident institutional units engaged in production (plus any taxes, and minus any subsidies, on products not included in the value of their outputs). The sum of the final uses of goods and services (all uses except intermediate consumption) measured in purchasers' prices, less the value of imports of goods and services, or the sum of primary incomes distributed by resident producer units.
- Related Term
- gross national income
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