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  • Economic Calendar Terms

    Quarterly Gross Domestic Product Y/Y

    Central Statistics Office
    Skehard Road,

    GDP is defined as the total value of goods and services produced within a territory during a specified period . GDP measures only final goods and services, that is those goods and services that are consumed by their final user, and not used as an input into other goods. The most common approach to measuring and understanding GDP is the expenditure method: GDP = consumption + investment + exports ? imports