GDP - Gross Domestic Product

Resume
Identification
Gross Domestic Product
Acronym
GDP
Homepage
http://ec.europa.eu/cip/eip/index_en.htm
Description
The gross domestic product (GDP) also known as gross domestic income (GDI) is the market value of all final goods and services produced within a country in a given period of time.
Calculation
GDP can be determined in three ways, all of which should in principle give the same result. They are the product (or output) approach, the income approach, and the expenditure approach.

Expenditure approach:
The sum of 4 types of expenditure: GDP = Consumption + Investment + Government Spending + Net Exports (Exports - imports).

Product approach:
The sum of market value of goods and services produced.

Income approach:
The sum of the income from all producers in the country.

Nominal GPD GDP without inflation adjustments. Monetary Internation Fund nominal GDP estimation:

Rank Flag Country GDP (millions of USD)
--- --- World 61,963,429
--- European Union 16,106,896
1 United States 14,624,184
2 People's Republic of China 5,745,133
3 Japan 5,390,897
4 Germany 3,305,898
5 France 2,555,439
6 United Kingdom 2,258,565
7 Italy 2,036,687
8 Brazil 2,023,528
9 Canada 1,563,664
10 Russia 1,476,912
11 India 1,430,020
12 Spain 1,374,779
13 Australia 1,219,722
14 Mexico 1,004,042
15 South Korea 986,256

Real GPD GDP already adjusted to consider inflation