# GDP (Gross Domestic Product)

*Macro & Economy — Finicade finance glossary*

The total value of everything an economy produces in a year — the standard scorecard for its size and growth. When GDP shrinks two quarters running, people start using the word recession.

**Also known as:** gross domestic product

**Related terms:** [Recession](https://finicade.com/glossary/recession), [Business Cycle](https://finicade.com/glossary/business-cycle), [Inflation](https://finicade.com/glossary/inflation)

**Taught in:** Charter Climb — Macro, Cycles & Currencies

Source: https://finicade.com/glossary/gdp