GDP Calculator
Calculate Gross Domestic Product using two different approaches.
Expenditure Formula
The expenditure approach is the most common way to estimate GDP. It focuses on the total spending on all final goods and services produced within a country.
GDP = C + I + G + (X – M)
- C (Consumer Spending): Personal consumption expenditures.
- I (Investment): Gross private domestic investment.
- G (Government Spending): Government consumption and gross investment expenditures.
- (X – M) (Net Exports): Exports minus imports.
Income Formula
The income approach calculates GDP by summing all the incomes earned by households and firms in the country during a period.
GDP = NI + CCA + SD
- NI (National Income): The sum of all income earned (wages, profits, rent, and interest).
- CCA (Capital Consumption Allowance): Depreciation.
- SD (Statistical Discrepancy): Adjusts for measurement errors. Our calculator uses Net foreign factor income and Taxes on production as part of this broader calculation.