Gross Domestic Product (GDP)

GDP is a metric that countries use to calculate the total value of all goods and services generated within the country during a specific period (year or quarter). When a country’s GDP goes up, it usually means the economy is growing or getting better.

Example:
As of 2022, global GDP exceeded $100 trillion, with the United States leading at $25 trillion, accounting for approximately a quarter of the world’s GDP. China ranked second, followed by Japan and Germany.