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Gross Domestic Product (GDP) is the primary indicator to gauge the health a country's economy. It represents the total market value of all final goods and services produced in a country in a given year, equal to total consumer, investment and government spending, plus the value of exports, minus the value of imports.


GDP is usually expressed as a comparison to the previous quarter or year. For instance, if the year-to-year GDP is up 3%, this is thought to mean that the economy has grown by 3% over the last year.