Gross Domestic Product (GDP)

The total cost of all goods and services produced by residents and non-residents in the country. The first estimates of GDP were made in the USA. Being an indicator of changes in the cost of goods and services within the country for a certain period, the GDP reflects the growth rate of the economy.The GDP is calculated as the sum of consumption volumes, investments, government spending and exports with imports subtracted. GDP growth characterizes the state of the economy, and the growth in comparison with other countries indicates the benefit of capital investment in the economy of this country. The data is published quarterly in the following order: advance-provisional (revised) - final.