About This Tool:
This tool calculates Gross Domestic Product (GDP) for products current market value in country by Income Approach, Expenditure methods.
What is GDP?
Gross domestic product (GDP) is a current market value of final products and its services produced in a year. GDP used to estimate the whole countries economic output.
GDP (Y) = C + I + E + G
Y represents GDP
C represents Consumer spending
I represents Investment made by industry
E represents Excess of exports over imports
G represents Government spending
GDP (Gross Domestic Product) by Income Approach Calculator
GDP = COE + GOS + GMI + TP & M - SP & M
COE represents Compensation of employees
GOS represents Gross operating surplus
GMI represents Gross mixed income
GDP (Gross Domestic Product) by Expenditure Calculator
Y = C + I + G + net exports(X - M)
C represents consumption
I represents investment
G represents government spending
X represents exports
M represents imports