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  1. Home
  2. /Glossary
  3. /GDP (Gross Domestic Product)
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macro

GDP (Gross Domestic Product)

The total value of goods and services produced in a country over a period, usually a quarter or year.

Definition

The total value of goods and services produced in a country over a period, usually a quarter or year. It's the main measure of economic health. Two consecutive quarters of declining GDP technically defines a recession.

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Recession

An economic downturn typically defined as two consecutive quarters of declining GDP.

Basis Point

One hundredth of a percentage point (0.

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A digital form of a country's official currency issued and controlled by its central bank.

Consumer Price Index (CPI)

A measure of average price changes for a basket of consumer goods and services.

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