GDP Calculator

GDP Calculator is a free online tool that calculates the accounts for spending on imports and exports.

GDP stands for ‘Gross Domestic Product’ and represents the total monetary value of all final goods and services produced (and sold on a market) within a country during the period (typically 1 year). 

These factors include all of the factors of production that make up an economy. It includes the wages paid to labor, the rent earned by land, and the return on capital in the form of interest. All of these make up a national income.

GDP is a sense of an economy’s performance over time, it does not tell the whole story.

How GDP is used?

GDP is an important statistic that indicates whether an economy is growing or conducting.

Tracking GDP over time helps a government make decisions such as whether to stimulate the economy by pumping more cash into it or to cool it by pumping out.

To calculate the GPD with our tool, you see “Personal or Government Consumption”, “Gross Investment”,and “Net Exports” when you put the data, then press the ‘Calculate GPD’ button. It will show the answer in Dollars.

We talk about their formula, the formula of GDP is C+I+G+(X-M). C is consumer spending, I is business investment, G is Government Consumption, and (X-M) is net exports.