Calculate the gross domestic product of your country. Enter the consumption, investment, government purchase, exports, and imports to determine the GDP of your country.
GDP Formula
The following formula is used to calculate the GDP of a country.
GDP = NE + I + GP + C
- Where GDP is the gross domestic product
- NE is the net exports
- I is the total investments
- GP is the government purchases
- C is the total consumption
GDP Definition
GDP is a measure of the aggregate domestic output of a country. It’s often used as a economical indicator to determine the overall strength of an economy in a given year. It’s a measure of the value of all of the final goods and services produced in that time frame. It also takes into account total expenditures on goods purchases from other counties.
How to Calculate GDP
The following components are summed together to calculate the GPD of a country.
- Net exports
- This is equal to the total exports – the total imports
- Investment
- The total amount of money spent on investments
- Government Purchases
- Total amount spent on goods by the government
- Consumption
- The total spent on goods and services everywhere else
The calculator above sums all of these values to produce the total gross domestic output of a country.
Real GDP vs Nominal GDP
The calculator above determines the nominal GDP of a country, but typically the real GDP is considered more important. The real GDP is a measure of gross domestic product that has been adjusted for inflation. The importance of this is that the GDP of a country can skyrocket under heavy inflation, but that does not mean that the economy is doing well. As a result, many economists prefer real GPD to nominal.
Related Terms
| gdp calculator |
| gdp formula |
| real gdp formula |
| nominal gdp formula |
| gdp calculation |
| income approach gdp |
| calculate real gdp |
| calculate nominal gdp |
| expenditure approach gdp |
| gdp calculation formula |
| gdp can be calculated by summing |
| expenditure approach formula |
| gross domestic product formula |
| gross domestic product is calculated by summing up |
| measuring gdp |
| net domestic product formula |
| gdp is calculated by |
| debt to gdp ratio formula |
| gdp income approach formula |
| equilibrium gdp formula |
| domestic income formula |
| gross national income formula |
| the income approach to measuring gdp |
| value added approach gdp |
| production approach gdp |
| gdp gap formula |
| gdp calculation example |
| gross private domestic investment formula |
| gross domestic product calculation |
| the expenditure approach to measuring gdp sums |
| change in gdp formula |
| real gdp calculation formula |
| real gdp is calculated by |
| nominal gdp calculator online |
| calculate gdp using the expenditure approach |
| gross domestic product is computed by using |
| gdp formula example |
| the calculation of gdp would include |
| nominal and real gdp formula |
| exports and imports percentage of gdp calculate |
| finding real gdp |
| percentage change in nominal gdp |
| gdp multiplier formula |
| real gdp and nominal gdp formula |
| gross domestic income formula |
| equilibrium gdp calculator |
| chain weighted gdp formula |
| output approach gdp |
| nominal gdp calculation formula |
| gdp formula in economics |
| in calculating gdp governmental transfer payments |
| factor income approach formula |
| gdp expenditure formula |
| trade to gdp ratio formula |
| gdp calculated by |
| real output formula |
| production approach gdp example |
| find gdp |
| change in real gdp formula |
| calculate real gdp from nominal gdp |
| gdp is calculated by which ministry |
| compute nominal gdp |
| calculating gdp expenditure approach |
| finding nominal gdp |
| computing gdp |
| calculating gdp using income approach |
| gdp calc |
| nominal to real gdp formula |
| base year for gdp calculation |
| net domestic income formula |
| gdp calculation base year |
| gdp formula macroeconomics |
| real gdp calculator online |
| calculating gdp income approach |
| equilibrium real gdp formula |
| real gdp formula example |
| real gdp calculation example |
| nominal gdp is calculated using |
| calculating nominal and real gdp |
| calculate real gdp from nominal |
| in calculating gdp household production is |
| the expenditure approach to gdp accounting includes |
| compute real gdp |
| value added approach formula |
| to calculate gdp |
| income approach to measuring gdp |
| expenditure approach calculator |
| calculate net domestic product |
| gdp base year change |
| real gdp formula base year |
| gdp factor cost formula |
| in calculating gdp transfer payments are |
| equilibrium level of gdp formula |
| gross private investment formula |
| real gdp nominal gdp formula |
| formula of domestic income |
| gdp index formula |
| expenditure approach to measuring gdp |
| net private domestic investment formula |
| base year for calculating gdp |
| deficit to gdp ratio formula |
| gross domestic expenditure formula |
| gdp formula in hindi |
| gdp income formula |
| compute the percentage change in nominal gdp |
| debt to gdp ratio calculator |
| equilibrium level of real gdp formula |
| calculate gdp as the value added in production |
| gross private domestic investment formula economics |
| gdp ratio formula |
| income approach gdp example |
| expenditure gdp formula |
| formula of calculating gdp |
| calculating gdp using expenditure approach |
| gdp calculator online |
| measuring national output and income |
| in using the expenditure approach to gdp consumption includes |
| real gdp examples |
| production approach gdp formula |
| formula to find gdp |
| net investment formula gdp |
| value added approach to calculating gdp |
| calculating gdp using the expenditure approach |
| formula for net domestic product |
| nominal gdp formula example |
| calculate gdp using the income approach |
| contribution to gdp formula |
| base year to calculate national income |
| percentage of gdp formula |
| calculate debt to gdp ratio |
| formula e gdp |
| expenditure approach to calculate gdp |
| calculate gdp using expenditure approach |
| measuring gdp formula |
| formula for expenditure approach |
| real gdp calculation base year |
| formula to find real gdp |
| to compute gdp |
| the formula of gdp |
| calculate real gdp using base year |
| determining gdp |
| calculate the share of the three sectors in gdp for 2000 and 2013 |
| domestic investment formula |
| value added gdp calculation |
| measuring real gdp |
| gdp calculator macroeconomics |
| the production approach to measuring gdp |
| consumption in the expenditures approach to calculating gdp includes |
| net gdp formula |
| factor income approach gdp |
| gdp is computed by using |
| gdp percentage calculator |
| change in debt to gdp ratio formula |
| calculating nominal gdp and real gdp |
| calculating gdp with expenditure approach |
| gross domestic investment formula |
| nominal gdp calculation example |
| the income approach to measuring gdp sums together |
| calculating gdp macroeconomics |
| in calculating gdp |
| value added approach gdp example |
| national spending approach to gdp |
| nominal gdp examples |
| estimating gdp |
| change in equilibrium gdp formula |
| investment in gdp calculation |
| calculating gdp using value added approach |
| gdp calculation production approach |
| chained dollar real gdp calculation |
| formula of gdp calculation |
| formula ng gdp |
| value added approach of measuring national income |
| nominal gdp formula macroeconomics |
| calculating gdp expenditure approach example |
| calculate the share of the three sectors in gdp for 1950 and 2011 |
| calculate gdp expenditure approach and depreciation |
| formula for finding gdp |
| gdp can be calculated by |
| formula for gross private domestic investment |
| formula to find nominal gdp |
| macroeconomics calculating gdp |
| calculation for nominal gdp |
| gdp and ndp formula |
| calculating real gdp and nominal gdp |
| product approach gdp formula |