Groundlearn / Glossary / Gross domestic product
Gross domestic product (GDP)
Also called GDP. A CFA term, defined in plain English with the distinction examiners test.
What it means
The market value of all final goods and services produced within a country in a period.
The exam angle
Final goods only. Counting intermediate output as well is double-counting, which is exactly what the value-added method exists to avoid.
Where it appears in the syllabus
- EconomicsCFA Level I · exam weight 6–9% · Market structures, business cycles, policy, trade and exchange rates.
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Educational content only. This is not financial, investment, legal or regulatory advice. Check the official curriculum for your own exam before relying on any definition here.
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