Glossary
106 terms defined — economic, geographic, government & more
GDP (Gross Domestic Product)
EconomicThe total monetary value of all goods and services produced within a country's borders in a specific time period. It is a broad measure of a nation's overall economic activity.
Example: The GDP of the United States is approximately $21 trillion.
GDP (purchasing power parity)
GDP Official Exchange Rate
EconomicGDP converted to US dollars using the official exchange rate. Unlike PPP, this reflects market exchange rates and is used for international financial comparisons.
Example: The US GDP at official exchange rate is approximately $25 trillion.
GDP (official exchange rate)
GDP per Capita
EconomicGDP divided by the total population. It provides an average economic output per person and is often used as an indicator of living standards.
Example: Luxembourg has one of the highest GDP per capita at over $100,000.
GDP - per capita (PPP)
Gini Index
EconomicA measure of income inequality within a nation, ranging from 0 (perfect equality) to 100 (perfect inequality). Lower values indicate more equal income distribution.
Example: South Africa has one of the highest Gini indices at around 63.
Gini Index coefficient
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