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Total market value of goods and services produced within a country
Gross domestic product (GDP) is a monetary measure of the total market value of all of the final goods and services which are produced and rendered during a specific period of time by a country or countries. GDP is often used to measure the economic activity of a country or region. The major components of GDP are consumption, government spending, net exports, and investment. Changing any of these factors can increase the size of the economy. For example, population growth through mass immigration can raise consumption and demand for public services, thereby contributing to GDP growth.
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The World Bank has raised its forecast for Vietnam’s 2026 economic growth by 1.1 percentage points to 7.4%, citing stronger-than-expected manufacturing and exports of high-tech and AI-related goods.
The Indian economy is expected to grow 7.1% in 2026-27, against 6.6% estimated earlier, on the back of strong domestic demand and exports, despite global headwinds, the World Bank said Tuesday.