Gross Domestic Product at Nominal Values

This chart shows The Gross Domestic Product at Nominal Values by country.

Gross domestic product (GDP) is a monetary measure of the value of all final goods and services produced in a period of time . GDP estimates are commonly used to determine the economic performance and standard of living of a whole country or region, and to make international comparisons.

Nominal GDP does not measure variations in purchasing power or costs of living by area, so when the GDP figure is deflated over time, GDP growth can vary greatly depending on the basket of goods used and the relative proportions used to deflate the GDP.GDP is not a complete measure of economic activity. It accounts for final output or value added at each stage of production, but not total output or total sales along the entire production process. It deliberately leaves out business-to-business (B2B) transactions in the early and intermediate stages of production, as well as sales of used goods.