GDP Armenia Georgia Azerbaijan 1990 2016.jpg
Gross domestic product (GDP) is a monetary measure of the market value of all the final goods and services produced and sold (not resold) in a specific time period by countries. Due to its complex and subjective nature this measure is often revised before being considered a reliable indicator. GDP (nominal) per capita does not, however, reflect differences in the cost of living and the inflation rates of the countries; therefore, using a basis of GDP per capita at purchasing power parity (PPP) may be more useful when comparing living standards between nations, while nominal GDP is more useful comparing national economies on the international market. Total GDP can also be broken down into the contribution of each industry or sector of the economy. The ratio of GDP to the total population of the region is the per capita GDP (also called the Mean Standard of Living). GDP definitions are maintained by a number of national and international economic organizations. The Organ ...
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Countries By GDP (Nominal) In 2014
List of countries by GDP (gross domestic product) may refer to: *List of countries by GDP (nominal), a list using the current exchange rates for national currencies **List of countries by GDP (nominal) per capita *List of countries by GDP (PPP), a list using the concept of purchasing power parity to derive GDP estimates **List of countries by GDP (PPP) per capita *List of countries by real GDP growth rate See also *List of countries by past and projected GDP (nominal) (IMF data: 1980–2027) *List of countries by past and projected GDP (PPP) (IMF data: 1980–2027) *List of countries by past and projected GDP (nominal) per capita (IMF data: 1980–2027) *List of countries by past and projected GDP (PPP) per capita (IMF data: 1980–2027) *List of IMF ranked countries by GDP, IMF ranked GDP (nominal), GDP (nominal) per capita, GDP (PPP), GDP (PPP) per capita, Population, and PPP (data not current) *List of regions by past GDP (PPP) per capita *List of regions by past GDP (PPP) *Li ...
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