Definition, Meaning & Synonyms
gpd
Abbreviation
g-p-d
Definition
GPD is an abbreviation that often refers to ‘gross domestic product’, a measure of the economic performance of a region.
Examples
- The GPD of the country grew steadily over the last decade.
- Analysts predict an increase in the GPD as new industries emerge.
- Comparing GPD across countries helps understand their economic health.
Meaning
In economic contexts, GPD represents the total value of all goods and services produced over a specific time period within a country or region.
Synonyms
- GDP
- Gross Domestic Product
