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GDP (Gross Domestic Product) Definition

GDP is the total monetary value of all goods and services produced within a country over a specific period.

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What is GDP?

GDP is a primary indicator of economic health and growth, closely watched by traders and policymakers.

Higher-than-expected GDP growth can support a currency, while weaker growth can weigh on it.

Example of GDP

A country reporting 3% annual GDP growth indicates its economy expanded by that amount over the year.

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