GDP Full Form: What is Full Form of GDP in English & Hindi

Here, you will get the answer to the following GDP related questions: what is the full form of GDP, what does GDP stand for, what is the meaning of GDP, how GDP works and what does GDP. Often you must have seen this question in many competitive exams and so often in interview and interviewer ask it very often. But many people are often missed due to a lack of correct information.

GDP Full Form

Every day we speak words using their short form but generally, we forget the full form of that word. One of these words is GDP. In everyday life, we ​​use many words for colloquialism. Some of these words are also such that we use the Short Form to speak. Many times we do not even know their full form, but since others use them, we also speak or write them. That is, we know so much when and how to use these words, but we do not know the full meaning of them.

GDP Full Form in English

The full form of GDP in English is Gross domestic product. Each letter stands for a different word check below the complete GDP Full form:

1. G Stands for Gross,
2. D Stands for Domestic,
3. P Stands for Product.

GDP Full Form of In Hindi

The full form of GDP in Hindi is सकल घरेलु उत्पाद. There is no mistake in this because you will get the answer to this question very rarely. Who is called GDP, you will get to see it on all websites or blogs but very few people mention the full form of GDP in Hindi. 

What is GDP?

Gross domestic product (GDP) is a monetary measure of the market value of all the final goods and services produced in a specific time period. GDP (nominal) per capita does not, however, reflect differences in the cost of living and the inflation rates of the countries; therefore, using a basis of GDP per capita at purchasing power parity (PPP) is arguably more useful when comparing living standards between nations, while nominal GDP is more useful comparing national economies on the international market.

Things to know about GDP

GDP Formula: The formula for calculating GDP with the expenditure approach is the following:

GDP = private consumption + gross private investment + government investment + government spending + (exports – imports).

or, expressed in a formula:

GDP = C + I + G + (X – M)