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Tag: Gross Domestic Product (GDP)

Gross domestic product (GDP) is a monetary measure of the market value of all the final goods and services produced in a specific time period by countries. GDP (nominal) per capita does not, however, reflect differences in the cost of living and the inflation rates of the countries; therefore, using a basis of GDP per capita at purchasing power parity (PPP) may be more useful when comparing living standards between nations, while nominal GDP is more useful comparing national economies on the international market. Total GDP can also be broken down into the contribution of each industry or sector of the economy. The ratio of GDP to the total population of the region is the per capita GDP and the same is called Mean Standard of Living.

GDP definitions are maintained by a number of national and international economic organizations. The Organization for Economic Co-operation and Development (OECD) defines GDP as “an aggregate measure of production equal to the sum of the gross values added of all resident and institutional units engaged in production and services (plus any taxes, and minus any subsidies, on products not included in the value of their outputs)”. An IMF publication states that, “GDP measures the monetary value of final goods and services—that are bought by the final user—produced in a country in a given period of time (say a quarter or a year).”

GDP is often used as a metric for international comparisons as well as a broad measure of economic progress. It is often considered to be the “world’s most powerful statistical indicator of national development and progress”. However, critics of the growth imperative often argue that GDP measures were never intended to measure progress, and leave out key other externalities, such as resource extraction, environmental impact and unpaid domestic work. Critics frequently propose alternative economic models such as doughnut economics which use other measures of success or alternative indicators such as the OECD’s Better Life Index as better approaches to measuring the effect of the economy on human development and well being.

Dual Stock and Gold Boom Reveal Divided Economic Outlook
Posted inEconomy

Dual Stock and Gold Boom Reveal Divided Economic Outlook

USNN World Newsby USNN World NewsOctober 16, 2025October 16, 2025

By Andrew Moran U.S. stocks and gold have both reached record highs, reflecting a bifurcated investor mindset: optimism in risk assets alongside a flight to safety. Since the springtime tariff-driven sell-off, the U.S. stock market has been booming. The blue-chip Dow Jones Industrial Average, the broader S&P 500, and the tech-heavy Nasdaq Composite Index have […]

Gold Up, Market Down on Tariff Tweets and Global Crises
Posted inOpinion

Gold Up, Market Down on Tariff Tweets and Global Crises

USNN World Newsby USNN World NewsOctober 15, 2025October 15, 2025
Earnings from big banks show ’strong fundamental results,' says one market analyst.
Posted inEconomy

Booming Bank Profits Add Another Layer to Wall Street Rally

USNN World Newsby USNN World NewsOctober 15, 2025October 15, 2025
How New Tariffs on Lumber, Furniture May Affect US Consumers, Industries
Posted inEconomy

How New Tariffs on Lumber, Furniture May Affect US Consumers, Industries

USNN World Newsby USNN World NewsOctober 14, 2025October 14, 2025
Trump said the United States will impose 100 percent tariffs on Chinese goods, plus export controls on critical software.
Posted inEconomy

Wall Street Review: Stocks Sell Off Amid Renewed US–China Trade Tensions

USNN World Newsby USNN World NewsOctober 12, 2025October 16, 2025
Moody’s Says 22 States Are Already in Recession Despite Strong Overall GDP
Posted inEconomy

Moody’s Says 22 States Are Already in Recession Despite Strong Overall GDP

USNN World Newsby USNN World NewsOctober 11, 2025October 11, 2025
US Foreclosure Filings Jump 17 Percent to 101,000 Properties
Posted inEconomy

US Foreclosure Filings Jump 17 Percent to 101,000 Properties

USNN World Newsby USNN World NewsOctober 10, 2025October 10, 2025
Roughly 56,000 Home Purchase Contracts Canceled in August: Report
Posted inEconomy

Roughly 56,000 Home Purchase Contracts Canceled in August: Report

USNN World Newsby USNN World NewsOctober 9, 2025October 9, 2025
Government Shutdown Costing US Travel Economy $1 Billion per Week, Group Says
Posted inEconomy

Government Shutdown Costing US Travel Economy $1 Billion per Week, Group Says

USNN World Newsby USNN World NewsOctober 8, 2025October 8, 2025
US Condo Sellers Struggle to Divest Properties, Outnumber Buyers by 72 Percent
Posted inEconomy

US Condo Sellers Struggle to Divest Properties, Outnumber Buyers by 72 Percent

USNN World Newsby USNN World NewsOctober 6, 2025October 6, 2025
Wall Street Review: Stocks Hit New Records Despite Government Shutdown
Posted inEconomy

Wall Street Review: Stocks Hit New Records Despite Government Shutdown

USNN World Newsby USNN World NewsOctober 5, 2025October 5, 2025
US GDP Could Take a Hit From Shutdown, Says Treasury Secretary Bessent
Posted inEconomy

US GDP Could Take a Hit From Shutdown, Says Treasury Secretary Bessent

USNN World Newsby USNN World NewsOctober 4, 2025October 4, 2025

Posts pagination

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NATIONAL NEWS

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  • Alan Dershowitz: Trump Lawsuit Against Twitter ‘Will Shake Things Up Considerably’Alan Dershowitz: Trump Lawsuit Against Twitter ‘Will Shake Things Up Considerably’
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  • Pennsylvania Senate Chairman Initiates Forensic Probe of 2020, 2021 ElectionsPennsylvania Senate Chairman Initiates Forensic Probe of 2020, 2021 Elections
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  • Mike Pompeo on Critical Race Theory, 1619 Project: ‘An Attempt to Divide the Country’Mike Pompeo on Critical Race Theory, 1619 Project: ‘An Attempt to Divide the Country’
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  • First Republican Enters Massachusetts Governor’s RaceFirst Republican Enters Massachusetts Governor’s Race
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