What is GDP?
GDP stands for Gross domestic product (GDP). It is a monetary measure of the market value of all the final goods & services produced in a specific time period.
Formula for calculation of GDP
GDP = private consumption + gross investment + government investment + government spending + (exports – imports)
In short GDP = C + I + G + (X – M)
In 2018, The Indian GDP was at $2.85 trillion while US GDP was at 20.544 trillion. The Chinese GDP was at $10.8 trillion.
GDP India vs China vs USA
|Countries / Year||2018||2017||2016|
Amount in trillion
GDP – US vs China vs India
Population – India, United States, China