Gross Domestic Product

The Gross Domestic Product (GDP), expressed in current U.S. dollars, is the monetary value of all finished goods and services produced within a country's borders. It is obtained by the sum of the gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. GDP measures the size of the country’s economy and is commonly used as an indicator of the economic health of a country. The GDP per capita is gross domestic product divided by midyear population in constant 2005 US dollars.