economic output
What economies produce
Economic output is the total value of goods and services produced by an economy over a given period.
It's typically measured by gross domestic product (GDP) and serves as a primary indicator of economic health and growth: The pandemic caused a sharp decline in economic output.
Economists track output to assess productivity, compare nations, and guide policy decisions.
- productivityOutput relative to input
- factory floorManufacturing workspace area
- tradeExchange of commodities
- balance of tradeNet value of exports
- national incomeCountry's total earnings
market · production efficiency · central bank · supply chain · manufacturing · goods and services · capital investment · GDP · trade balance · business cycle · yield · exports · emerging markets · unemployment · job creation · boom · boom and bust · growth
- economicssupply and demand, inflation, GDP, GNP, gross domestic product
- macroeconomicsGDP, GNP, gross domestic product, gross national product, inflation rate
- GDPGDP growth, nominal GDP, real GDP, per capita, national income
- statisticsmean, median, mode, variance, standard deviation
- business cyclesboom, bust, contraction, expansion, peak
- labor migrationmigrant worker, migrant workers, labor migration, guest workers, guest worker
economic outputconsumer spending
Household purchasing of goods
consumption · domestic consumption · spending · absorption · imports
economic outputeconomic stagnation
Persistent lack of growth
economic contraction · economic decline · recession · depression · negative growth
economy, output, economic, economize, economist, economizing, economists, economized, economizes