Gross Domestic Product (gdp)


Definition of "Gross domestic product (gdp)"

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Dave Freudenberg, Real Estate Agent Rinker Realty

Measurement of the nominal value of all goods and services produced in a one year period. This production includes that by United States-owned companies as well as by production plants located in the United States and owned by foreign companies. As GDP increases, there is a tendency for company profits and interest rates to rise as well. Conversely, as GDP decreases, there is a tendency for company profits and interest rates to also decline. These figures are published on a quarterly basis by the United States Department of Commerce.

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