What is the Full Form of GDP?

GDP Full Form is Gross Domestic Product. It is the main indicator that helps to gauge the economy of a nation. Gross Domestic Product is the total market value of all the goods and services produced within a country in a specific duration of time. It can also be size of the economy of a country. It provides for an account of final output or value that is added at every level of production but does not highlight total sales or total output during the whole production process and a country with good GDP numbers is considered better in terms of financial condition.