Loading...
Free GDP calculator to compute gross domestic product, growth rate, per capita income & economic analysis. Calculate nominal GDP, real GDP, CAGR & compare countries with comprehensive economic indicators and 5-year projections.
GDP is the total monetary value of all goods and services produced within a country's borders in a specific time period. It's the most comprehensive measure of a country's economic activity and health.
GDP helps governments make policy decisions, investors assess opportunities, and economists compare economic performance across countries and time periods.
Choose from Basic GDP, Components (C+I+G+X-M), Growth Rate, Country Comparison, or Per Capita Analysis based on your needs.
Input GDP values, population, components, or select countries from the pre-loaded database with current economic data.
Get instant calculations with detailed breakdowns, visual charts, economic classifications, and growth interpretations.
Use comparison tools to analyze multiple economies and view 5-year GDP projections with CAGR calculations.
Gross Domestic Product (GDP) is the total monetary value of all finished goods and services produced within a country's borders in a specific time period. It serves as a comprehensive scorecard of economic health and is the primary indicator used by economists, policymakers, and investors worldwide to assess economic performance.
GDP provides crucial insights into economic performance. According to the Bureau of Economic Analysis (BEA), GDP data helps governments make informed policy decisions, guides central banks in setting interest rates, and enables investors to assess market opportunities. It indicates whether an economy is expanding or contracting, directly impacting employment levels and living standards.
Measures output using current market prices without inflation adjustment.
Adjusts for inflation using constant base year prices for accurate growth comparison.
Total GDP divided by population, indicating average prosperity per person.
The most widely used method by national statistical agencies including the BEA and IMF. This approach sums all expenditures made in an economy.
GDP = C + I + G + (X - M)
Calculates GDP by summing all incomes earned in production: wages, profits, rent, and interest. This method shows how national income is distributed among factors of production.
Measures GDP by adding value created at each stage of production. Also called the value-added approach, it prevents double-counting by only including the value added at each production stage.
Personal consumption expenditures including durable goods (cars, appliances), non-durable goods (food, clothing), and services (healthcare, education, entertainment).
Typically 60-70% of GDP in developed economies
Business investments in equipment, machinery, structures, and inventory changes, plus residential construction. Critical driver of future economic growth and productivity.
Usually 15-25% of GDP
Government expenditure on goods and services including defense, education, infrastructure, and public services. Excludes transfer payments like social security and unemployment benefits.
Typically 15-25% of GDP
Exports minus imports. Positive when exports exceed imports (trade surplus), negative when imports exceed exports (trade deficit). Reflects international competitiveness.
Can range from -5% to +10% of GDP
Measures GDP growth using current prices without adjusting for inflation. Reflects both real economic growth and price changes.
Nominal Growth = ((GDP₂ - GDP₁) / GDP₁) × 100
Adjusts nominal growth for inflation to show actual economic expansion. More accurate for comparing growth across different time periods.
Real Growth = Nominal Growth - Inflation Rate
Measures average annual growth rate over multiple years, smoothing out year-to-year volatility. Useful for long-term economic analysis and projections.
CAGR = [(Ending GDP / Beginning GDP)^(1/years)] - 1
Our calculator provides 5-year GDP forecasts based on historical growth rates and CAGR, helping you understand potential future economic scenarios and plan accordingly.
High Growth (>7%)
Rapidly developing economies
Moderate (3-7%)
Healthy developed economies
Slow (0-3%)
Mature economies
Recession (<0%)
Economic contraction
GDP per capita divides total GDP by population to show average economic output per person. The World Bank and IMF use this metric as a key indicator of living standards and prosperity.
GDP Per Capita = Total GDP / Population
Based on GNI (Gross National Income) per capita using the Atlas method:
Low Income
$1,135 or less per capita
Lower Middle Income
$1,136 to $4,465 per capita
Upper Middle Income
$4,466 to $13,845 per capita
High Income
$13,846 or more per capita
GDP per capita correlates with quality of life indicators including healthcare access, education levels, and life expectancy. However, it doesn't capture income inequality within a country.
Nominal GDP measures economic output using current market prices without adjusting for inflation. It reflects the actual prices paid for goods and services in a given year.
Advantages:
Real GDP adjusts nominal GDP for inflation using constant prices from a base year, providing a more accurate picture of economic growth by eliminating price change effects.
Advantages:
The GDP deflator is a price index that measures the average price change of all goods and services included in GDP. It's used to convert nominal GDP to real GDP.
Real GDP = (Nominal GDP / GDP Deflator) × 100
GDP Deflator = (Nominal GDP / Real GDP) × 100
Inflation Rate = ((Deflator₂ - Deflator₁) / Deflator₁) × 100
Governments use GDP data to make fiscal and monetary policy decisions, set interest rates, adjust spending, and implement stimulus measures during economic downturns.
Investors assess country risk and opportunities based on GDP trends, growth rates, and economic stability to make informed portfolio allocation decisions.
Companies use GDP forecasts for market expansion strategies, capacity planning, hiring decisions, and assessing market potential in different regions.
Organizations compare living standards, economic development, and competitiveness across nations using GDP per capita and growth rate metrics.
GDP (Gross Domestic Product) is the total monetary value of all finished goods and services produced within a country's borders in a specific time period. It's calculated using three approaches: 1) Expenditure Approach: GDP = C + I + G + (X - M), where C is consumption, I is investment, G is government spending, X is exports, and M is imports. 2) Income Approach: Sum of all incomes earned. 3) Production Approach: Sum of value added at each stage.
Nominal GDP measures economic output using current market prices without adjusting for inflation. Real GDP adjusts nominal GDP for inflation using constant prices from a base year, providing a more accurate picture of economic growth over time. Real GDP = (Nominal GDP / GDP Deflator) × 100.
GDP growth rate = ((GDP₂ - GDP₁) / GDP₁) × 100, where GDP₂ is current period GDP and GDP₁ is previous period GDP. For example, if GDP increased from $20 trillion to $21 trillion, growth rate = ((21-20)/20) × 100 = 5%. Calculate both nominal growth (current prices) and real growth (inflation-adjusted).
Calculate inflation rates and adjust values
Compute interest rates and returns
Calculate investment growth and returns
Compute compound growth over time
Calculate return on investment
Calculate loan payments and interest
Estimate mortgage payments
Plan and track your budget
Plan retirement savings