Gross Domestic Product (GDP) is a country’s financial report card. It measures the total value of all goods and services produced within the country’s borders during a specific time, usually a year. It’s a way to figure out how well or poorly an economy is doing.
When GDP goes up, it generally means the country is growing economically. When it goes down, it might indicate a slowdown. Governments, businesses, and economists closely watch GDP to understand the overall health and performance of a country’s economy.
