Why Asians Will Take Over the World Web
: The World Bank : Investopedia
Savings equal future economic growth. Compare the savings rate in China to that of the US.
SummaryThe gross domestic product (GDP) is one of the primary indicators used to gauge the health of a country’s economy. It represents the total dollar value of all goods and services produced over a specific time period, often referred to as the size of the economy.
In the United States, real GDP increased at an annual rate of 2.6% in the fourth quarter of 2017, according to figures released by the Bureau of Economic Analysis. For all of 2017, GDP grew 2.3%. Current-dollar GDP increased 4.1%, or $762.3 billion, in 2017 to a level of $19,386.8 billion.