What is “GDP” and why is it such an important economic indicator?

Plus, how it's calculated, its limitations and who's at the top of the GDP league.

Hey everyone 👋🏼

I hope you had a great summer, whatever you’ve been up to! I’m back in action following a wonderful trip away celebrating a good friend’s wedding. If you’ve not experienced one, then I highly recommend going to a Greek wedding if the opportunity presents itself.

But it’s September and back to business it is and this week I want to delve into an economic fundamental…

GDP (Gross Domestic Product).

If you follow the news at all, hardly a day goes by without a story about how the GDP of certain countries is doing.

But as always, economics has the capacity to bore people to death sleep, so there’s a lot of folks who don’t really know what GDP is, why it’s used to measure a country’s economic health and what it might mean for them, personally.

So let's take a look under the hood of GDP.

Today I’ll cover:

• What exactly is GDP 💸

• How is it calculated

• 1 minute 📹 explainer (if you’re in a rush!)

• GDP in statistics, by country 📊

• The trouble with GDP ⛔️

• Why GDP matters and how it’s role in …