The Gross Domestic Product (GDP) is considered as a macroeconomic indicator. The GDP measures the sum of all goods and services produced either by domestic or foreign companies. Overall, the GDP is the market value of all goods and services produced within a country in a period of time. For GDP, it does not distinguish between country citizen and foreigners. The income is counted toward GDP as long as it is earned within the country's border.
This indicator consists, at macro scale, of the sum of consumption spending, investment spending, government spending, and net trade (exports - imports). Consumption spending is made possible by personal income and flexible income. Consumers have the decisions to save or spend. Investment spending consists of fixed investment and inventories. Government spending is very influential and has special role in country employment and economy. Net trade is a major component in the GDP due to worldwide internationalization.
source: http://ikofx.com/en/fundamentalanalysis.php
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