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The Gross Domestic Product is a measure of the economic health of a country. It is the market value of all goods and services produced by the economy of a nation during a period of time. This includes all final goods that are produced and do not include goods that are resold.
The GDP is also equal to the total investment, consumer and government spending plus exports value minus imports value.
The current object downloads historical data of the Gross Domestic Product of the United States of America. The data is provided by the U.S. Department of commerce: Bureau of economic analysis and it is downloaded from the Federal reserve bank of ST. Louis website. The data is expressed in billions of dollars; it is available starting from January 1947, is updated quarterly and is seasonally adjusted at an annual rate.
The Real Gross Domestic Product or Real GDP is different from the GDP in that it is adjusted for changes in the value of money; it is expressed at a constant price level. The Real GDP can be downloaded using the following object Real Gross Domestic Product - Historical data.
The difference between the GDP and GNP (Gross National Product) is that the GNP includes only goods and services produced by resources owned by a country' residents, it does not include foreign producers, but it does include firms that operate in foreign countries. The GDP includes all goods and services produced in a country (within the geographic boundaries of the country).
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