GDP Calculator
The GDP (gross domestic product) can be calculated using either the expenditure approach or the resource cost-income approach below.
Expenditure Approach
Results:
| Component | Value |
|---|---|
| Personal Consumption: | 0 |
| Gross Investment: | 0 |
| Government Consumption: | 0 |
| Net Exports (Exports – Imports): | 0 |
| GDP (Expenditure Approach): | 0 |
Resource Cost-Income Approach
GDP = GNP + indirect business taxes + depreciation + net income of foreigners
* Income earned by foreign nationals domestically minus income earned by citizens abroad
Results:
| Component | Value |
|---|---|
| Employee Compensation: | 0 |
| Proprietors’ Income: | 0 |
| Rental Income: | 0 |
| Corporate Profits: | 0 |
| Interest Income: | 0 |
| GNP: | 0 |
| Indirect Business Taxes: | 0 |
| Depreciation: | 0 |
| Net Income of Foreigners: | 0 |
| GDP (Income Approach): | 0 |
GDP Calculator
The GDP Calculator is a powerful and user-friendly tool designed to compute a nation’s Gross Domestic Product (GDP) using two primary economic approaches:
- Expenditure Approach – Calculates GDP by summing up all spending on final goods and services within an economy:
- Personal Consumption (Household spending)
- Gross Investment (Business investments)
- Government Consumption (Public sector spending)
- Net Exports (Exports minus imports)
- Income Approach – Measures GDP by totaling all incomes earned in production:
- Employee Compensation (Wages & salaries)
- Proprietors’ Income (Self-employed earnings)
- Corporate Profits
- Rental & Interest Income
- Taxes, Depreciation, and Foreign Income Adjustments
Key Features:
✅ Dual Calculation Methods – Switch between expenditure and income approaches
✅ Real-Time Results – Automatic or manual calculation with highlighted updates
✅ Interactive UI – Clean, intuitive design with responsive inputs
✅ Detailed Breakdown – Displays all components contributing to GDP
✅ Reset Functionality – Clear inputs and recalculate with ease
Perfect for students, economists, and policymakers, this tool simplifies GDP computation while providing insights into economic components.
Try it now to analyse economic performance effortlessly! 🚀