GDP definition and calculation explained

Gross Domestic Product (GDP) for a certain economy is the sum of all goods and services produced by this economy during a certain period of time. GDP is calculated by either the income approach, the sum of all personal earnings, or expenditure approach, which is the sum of all personal spending.

Ahmed Mamdouh

Ahmed Mamdouh, Co-Founder and Head of English Fundamental Analysis at FXComment.com, with 7 years of experience in the financial markets. Mamdouh holds a Master’s Degree in Economics from The American University in Cairo and a Bachelor Degree in Economics from The Faculty of Economics and Political Science, Cairo University.

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