Gross Domestic Product (GDP)
EconomicsDefinition
Gross Domestic Product (GDP) is the total monetary value of all goods and services produced within a country during a specific period. It is the most widely used measure of an economy's size and health. Strong GDP growth typically supports a country's currency; weak GDP can weaken it.
Example in context
When the UK's quarterly GDP growth came in better than expected, the British pound strengthened against most major currencies as investors priced in a positive economic outlook.
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