Finance
GDP Calculator
Calculate a nation's Gross Domestic Product using the expenditure approach.
How to Use
- Enter the total Consumer Spending (personal consumption expenditures).
- Enter the total Business Investment (gross private domestic investment).
- Enter Government Spending (government consumption and gross investment).
- Enter Exports (goods and services sold to other nations).
- Enter Imports (goods and services purchased from other nations).
Formula
Expenditure Approach Formula:
GDP = C + I + G + (X - M)
Where:
C = Consumer Spending
I = Investment
G = Government Spending
X = Exports
M = Imports
(X - M) = Net Exports
GDP = C + I + G + (X - M)
Where:
C = Consumer Spending
I = Investment
G = Government Spending
X = Exports
M = Imports
(X - M) = Net Exports
The GDP Calculator helps economics students and analysts compute the Gross Domestic Product of a country using the standard expenditure approach. By aggregating consumption, investment, government spending, and net exports, it provides a snapshot of macroeconomic health.