X-Nico

2 unusual facts about Gross Domestic Product


Cut, Cap and Balance Act

The provisions of the bill included a cut in the total amount of federal government spending, a cap on the level of future spending as a percentage of GDP, and, on the condition that Congress pass certain changes to the U.S. Constitution, an increase in the national debt ceiling to allow the federal government to continue to service its debts.

Domestic product

Gross domestic product, the total value of all the goods and services produced inside a nation over a certain period.


Economy of Vanuatu

Copra, cocoa, kava and beef account for more than 60% of Vanuatu's total exports by value and agriculture accounts for 20% of GDP.

Feminist economics

In order to measure well-being more generally, Amartya Sen, Sakiko Fukuda-Parr, and other feminist economists helped develop alternatives to Gross Domestic Product, such as the Human Development Index.

Genuine progress indicator

The need for a GPI to supplement biased indicators such as GDP was highlighted by analyses of uneconomic growth in the 1980s notably that of Marilyn Waring who studied biases in the UN System of National Accounts.

King Kelly of the U.S.A.

When their backers pull out, Happy and Kelly manage to scrounge enough dough to get the girls back home; but, find themselves broke, in Europe, in a tiny country where the GDP is measured in mops.

Sudanese goat marriage incident

The perpetrator was thus ordered to "marry" the goat, pay the cost of the goat and pay a dowry of 15,000 dinar (equating to US$50 in 2006, the GDP per capita was US$1,522 for 2008), with half of the dowry up front.


see also

Domestic product

Net domestic product, the gross domestic product minus depreciation on a country's capital goods.

Google Trends

In April 2012, Tobias Preis, Helen Susannah Moat, H. Eugene Stanley and Steven R. Bishop used Google Trends data to demonstrate that Internet users from countries with a higher per capita gross domestic product (GDP) are more likely to search for information about the future than information about the past.

Internet in New Zealand

The New Zealand Institute think-tank has estimated that the economic benefits of competitive broadband access could be worth as much as NZ$4.4 billion a year to New Zealand's gross domestic product.