Gross Domestic Product is a really yucky name for a very important term. GDP is pretty much all the completed goods and services within a country's borders measured by dollars. Just looking at a country's GDP over a set amount of years gives a good indication of whether the economy is well or not. The estimated current GDP for the United States is $142.4 billion or $142,400,000,000.
The latest GDP growth measure was 2.2% as of the first quarter of 2012. This is a mediocre growth rate compared to the growth of China (8.1%) and India (6%).
The GDP per capita (per resident in the country) in the US is considerably strong at a $48,100 per capita. One of the highest in the world. Highest being $105,195 for Luxembourg as of 2010 reports.
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