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What is 'Gross Domestic Product - GDP'. Gross domestic product (GDP) is the monetary value of all the finished goods and services produced within a country's borders in a specific time period. Though GDP is usually calculated on an annual basis, it can be calculated on a quarterly basis as well.
Click here for a PDF. But if you waited one trillion seconds, itâd take 31,688 years. Thank about $1 trillion in terms of Gross Domestic Product, or GDP. GDP is a measurement of the value of all goods and services produced in a country in any one year.$1 trillionâ looks a lot like â$1 billionâ which looks a lot like â$1 millionâ. And hey, $1 million is nothing to scoff at. But if $1 million sounds like a lot, consider that $1 trillion is one million one millions.