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GDP growth would be greater in developing countries than in developed countries because demand is higher in developing countries.
What is GDP?
GDP is the total monetary or market worth of all finished goods and services produced within a country's borders in a certain time period. Because it is a broad measure of total domestic production, it serves as a comprehensive scorecard of a country's economic health.
GDP is often estimated on an annual basis, however it is sometimes measured quarterly.
The government of the United States, for example, produces an annualized GDP estimate for each fiscal quarter as well as for the entire calendar year. The data in this report has been adjusted for price changes and is thus net of inflation because it is reported in actual terms.
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