gross domestic product :

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gross domestic product

  • n  the measure of an economy adopted by the United States in 1991; the total market values of goods and services produced by workers and capital within a nation's borders during a given period (usually 1 year)
News & Articles

  • Ghana needs to renegotiate some resource deals- Vice President
    ACCRA (Reuters) - Ghana needs to renegotiate some resource contracts to optimize tax revenues for the cocoa-, gold- and oil-exporting nation, Vice President Kwesi Amissah-Arthur said on Wednesday. He said there was a widely held view that Ghana, which posted a fiscal deficit of more than 12 percent of gross domestic product (GDP) last year, needed to increase resource revenues to improve its ...
    June 12, 2013 - Reuters via Yahoo! News
  • Does High GDP Mean Economic Prosperity?
    Economists traditionally use Gross Domestic Product to measure economic progress. If GDP is rising, the economy is good and the nation is moving forward. If GDP is falling, the economy is in trouble and the nation is losing ground. From a strictly numerical perspective, GDP provides an easy-to-follow indicator of economic health. From the perspective of a citizen living with the day-to-day ...
    June 11, 2013 - Forbes
  • Dubai Economy Expands Most Since 2007 on Restaurants, Hotels
    Dubai’s gross domestic product expanded the most in five years in 2012 as the emirate, whose economy collapsed after the global credit crisis, rebounded on hotel and restaurant activities.
    June 11, 2013 - Bloomberg

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