GDP (current LCU)

This economic indicator represents the total market value of all finished goods and services produced within a country's borders, reflecting the purchasing power of the local currency. It is computed by aggregating the gross value added from local industries, alongside applicable taxes levied on production, while excluding any subsidies that might distort true economic output. Notably, this figure does not account for asset depreciation or the depletion of natural resources, thereby offering a snapshot of economic activity without considering sustainability factors. Evaluating this metric provides crucial insights into domestic production levels, consumer expenditure, and overall economic health, making it an essential tool for policymakers and analysts assessing the viability of an economy in real-time. Source: