Gross Domestic Product definition

Gross Domestic Product means the nominal value of all goods and services produced in the economy within a year, as compiled by the Department of Statistics and in the absence of official statistics, estimates produced by the Ministry of Finance shall be utilized and subsequently updated once the official statistics are available and until quarterly official GDP statistics become available, estimates for the fiscal year shall be derived by taking the average of the current and the preceding calendar year.
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Gross Domestic Product or “GDP” means the total value of final products and services produced in Argentina during the relevant period.
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Gross Domestic Product means gross domestic product at current market prices (GDP mp) (B.1*g), as defined in ESA 95.
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Examples of Gross Domestic Product in a sentence

  • It is found in the Bureau’s quarterly publication, "Survey of Current Business," Table 7.1, Quantity and Price Indexes for Gross Domestic Product, State and local section.

  • It is found in the Bureau’s quarterly publication, "Survey of Current Business," Table 7.1, Quantity and Price Indexes for Gross Domestic Product, State and local section.If the local contracting unit desires to extend a contract under the provisions ofN.J.S.A. 40A:11-15 or 18A:18A-42, the index rate is used to determine the appropriate increase in the contract price.

  • This threshold is adjusted annually based on the Gross Domestic Product Price Index, which is published by the Bureau of Economic Analysis.

  • Sri Lanka is a lower-middle-income country with a per capita Gross Domestic Product (GDP) of US$ 3,811 and a total population of 20.5 million (2014).

  • The fees will be adjusted periodically according to the Implicit Price Deflator for Gross Domestic Product by publication of a document in the FEDERAL REGISTER.


More Definitions of Gross Domestic Product

Gross Domestic Product means the output of goods and services produced by labor and property located in the United States, expressed as an annualized percentage of growth, and as reported by the United States Department of Commerce – Bureau of Economic Analysis atwww.bea.gov.
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Gross Domestic Product means the value of an economy's total output of goods and services, less intermediate consumption, plus net taxes on products and imports, in a specified period;
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Gross Domestic Product means the latest annual figure of Gibraltar’s Gross Domestic Product published by the Statistics Office of the Government of Gibraltar;
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Gross Domestic Product means the nominal gross domestic
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Gross Domestic Product for the purposes of this LOA means the expenditure side value of all goods and services produced in British Columbia for a given year as stated in the BC Economic Accounts;
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Gross Domestic Product means the sum of value added of goods and services produced within the Republic;
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Gross Domestic Product means the sum of the gross value added by all resident production units plus that part of taxes, less subsidies, on products, which is not included in the valuation of output, during a financial year, reckoned at current market prices, as published by the Central Statistics Office from time to time;]
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