Banking Term: Gross Domestic Product

Find important banking term that is useful in upcoming banking exam.

Created On: May 11, 2015 14:53 IST
Modified On: Jul 4, 2016 15:54 IST

Banking Term: Gross Domestic Product

  • GDP stands for Gross Domestic Product
  • GDP is considered as the money value of all the finished goods and services produced within the country’s domestic boundaries in a specified time period.
  • It is generally calculated on the annual basis.
  • GDP is generally used to measure the economic performance of whole country or region.

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