Gross domestic product

{
  "id": "MLC-T-ECS-000832",
  "term": "Gross domestic product",
  "field": "Economic statistics",
  "definitions": [
    "Market value of all goods and services produced within a country in a given period.\n\nNote: The Bureau of Economic Analysis (BEA) produces estimates of GDP; GDP is the most commonly used measure of the size of the overall economy.",
    "The market value of goods and services produced by labor and property in the United States, regardless of nationality; GDP replaced gross national product (GNP) as the primary measure of U.S. production in 1991. (Source: Bureau of Economic Analysis)"
  ],
  "abbreviation": "GDP",
  "subject": "Foreign trade",
  "see_also": [
    "Statistics about Foreign Trade"
  ],
  "references": [
    "BLS Glossary",
    "U.S. Census Bureau Glossary"
  ],
  "url": "https://mlchart.com/terminology/economic-statistics/gross-domestic-product/"
}