Gross Domestic Product - GDP

Gross Domestic Product or GDP refers to the total of all value of goods and services that have been produced in a country minus the value of the good and services needed to produce them. This means the total monetary or market value of all the finished goods and services produced within a country's borders in a specific time period.

The formula used for calculating GDP = private consumption + gross private investment + government investment + government spending + (exports - imports).

Currently the GDP for the United States of America so the current dollar GDP for the second quarter of 2021 is $22.72 trillion.