economy






 

Question by  marcelodecarli (2)

What is the GDP for every country?

 
+7

Answer by  km8738 (1917)

GDP, or Gross Domestic Product, is basically what each country creates on its own. It does not take into account how much a country keeps or trades.

 
+6

Answer by  asanson (253)

The GDP is the gross domestic product of every country. It is a good indicator of how well the standard of living in a country is for it's inhabitants. The GDP is an indicator of also a countries economic performance.

 
+4

Answer by  spiro (78)

As each household having its own economy, also each country runs its economy. Whether a country has become richer or poorer than the previous year is measured with increased or reduced the overall national wealth created in that year. The goal of every responsible government is to increase gross domestic product (GDP) and therefore the total wealth in the country.

 
+4

Answer by  Vladlen (358)

The important thing is that USA is still leading by nominal GDP. Next important thing is that China, which is at the 4th place now, has a huge potential, and most likely will hit 1st place during our lifetime. Concerning numbers, they are easy to find on the Internet.

 
+4

Answer by  SubhashChander (1773)

GDP of each and every country means Gross Domestic Product which further means that it is the combined total income of all the citizens of the country less foreign receipts.

 
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