28th November 2019

statista
9

What is the world's GDP?

In 2016, global GDP amounted to about 75.49 trillion U.S. dollars. Gross domestic product. Gross domestic product, also known as GDP, is the accumulated value of all finished goods and services produced in a country, often measured annually.

What is counted in GDP?

Sales of used goods and sales from inventories of goods that were produced in previous years are excluded. Only goods that are produced and sold legally, in addition, are included within our GDP. That means that goods produced illegally are not counted.
Write Your Answer

Rate

80% people found this answer useful, click to cast your vote.

4 / 5 based on 3 votes.

Bookmark

Press Ctrl + D to add this site to your favorites!

Share