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.

Gross Domestic Product or “GDP” means the total value of final products and services produced in Argentina during the relevant period.

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;

Examples of Gross Domestic Product in a sentence

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

• Europol has estimated that around 1% of the EU’s annual Gross Domestic Product is ‘detected as being involved in suspect financial activity’1.

• During 2013 the Cyprus economy contracted further with a decrease in the Gross Domestic Product.

• It accounts for over 10 per cent of the country’s Gross Domestic Product (GDP) and around 8 per cent of the employment.

• In this context, economic models based on the relationship of credit risk parameters with macroeconomic variables are established based on multi-scenario, and the models mainly take into account the basic macroeconomic variables such as Gross Domestic Product (GDP) and Unemployment Rates.

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.

Gross Domestic Product means gross domestic product at current market prices (GDP mp) (B.1*g), as defined in ESA 95.

Gross Domestic Product means the nominal gross domestic

Gross Domestic Product means the latest annual figure of Gibraltar’s Gross Domestic Product published by the Statistics Office of the Government of Gibraltar;

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;

Gross Domestic Product means the Gross Domestic Product at Market Price computed and reported each year by the Statistics Division of the Planning Unit of the Government;

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;]