Gross domestic product (GDP)

The value of everything an economy produces in a year, and the different ways it is shown.

GDP is the total value of goods and services produced in a country in a period, after subtracting what was used up to produce them.

Nominal GDP is measured at current prices. Real GDP removes price changes so that growth reflects more output, not inflation. Growth rates on this site are real.

GDP per capita divides GDP by the population. It is a measure of average output, not of what a typical person earns; for that, see household income measures.

Measures on this site

• Real GDP growth (World Bank) (World Bank)
• GDP per capita in US dollars (World Bank)
• GDP per capita, PPP (constant 2021 international dollars) (World Bank)
• Median equivalised net income (Eurostat)