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Term

gross domestic product

Term

The total output of goods and services produced by a national economy in a given period, usually a year, valued at market prices. It is gross, since no allowance is made for the value of replacement of capital goods.

Synonyms:

Source:

EEA Glossary

Context:

Comment

Definition source publication

Publication year

2004

Definition source URL

http://www.eionet.eu.int/GEMET

Organisation

EEA

Organisation full name

European Environment Agency

Subjects

Long definition

Permalinks

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For references, please go to https://www.eea.europa.eu/help/glossary/eea-glossary/gross-domestic-product or scan the QR code.

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