Gross Domestic Product (GDP) Calculator

 Gross Domestic Product Calculator

An online GDP formulas,definition and calculation.

  

What is GDP

Gross Domestic Product(GDP) is a monetary measure pf the value of all final goods and services produced in a period(Quarterly or Annualy)

The best common approach to measuring and quantifying GDP is the expenditure method is as follows

Formula

GDP = Consumption + Government Expenditures + Investment + Exports - Imports

Where,

Consumption: Durable goods, Nondurable goods,Services

Government Expenditures: Defense,Roads,Schools

Investment Spending: Nonresidential, Residential,Business inventories

Net Exports:Exports are added to GDP.Imports are deducted from GDP