GDP

15 November 2022

is the total monetary or market value of all the finished goods and services produced within a country’s borders in a specific time period.

In 2021 The USA had the highest GDP, at the same time In 2021, Burundi reported the lowest per-capita GDP ever.

Interesting facts about GDP:

1. Unpaid work doesn’t count

2. Products that have been resold don’t either

3. A healthy GDP rate would be about 2 to 3 percent

4. GDP can be too high

5. Governments don’t have a whole lot of power to change the GDP

 

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