# Gross Domestic Product (GDP) Calculator

Gross domestic product can be explained as the overall amount of goods and services a nation could produce for a year. This is a vital factor which measures the economic growth of a country. The GDP can be calculated by two different methods. They are:

1. Expenditure approach
2. Income Approach

1. Expenditure Approach: This method primarily targets consumer spending on all goods and services within the given fiscal year. We can calculate GDP by expenditure approach with the help of this below formula:

GDP by expenditure approach = personal consumption + private investment + (export - import) + government spending

2. Income Approach: This method primarily targets upon employee compensation such as salary, pensions, social security compensations etc. We can calculate GDP by income approach with the help of this below formula:

GDP by income approach = wages + proprietor's income + rents + corporate profits + interest income + indirect business taxes + depreciation + foreign income

We have calculators below to calculate GDP by both of the above mentioned methods. Enter the required fields and click calculate button to find the answer.

## GDP by Expenditure Approach Calculator

 Personal Consumption: Private Investment: Export: Import: Government Spending: GDP by Expenditure Approach:

## GDP by Income Approach Calculator

 Wages: proprietor's Income: Rents: Corporate Profits: Interest Income: Indirect Business Taxes: Depreciation: Foreign Income: GDP by Income Approach:

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