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A company should use GDP data to ascertain the market potential for its specific product or service.
The gross domestic product (GDP) is the total monetary or market value of all finished products and services produced within a country's borders during a specific time period. Because it is a broad indicator of total domestic production, it provides an exhaustive evaluation of the state of the economy in a particular country. Although it is often calculated on a yearly basis, GDP can also be computed on a quarterly basis. For instance, the US government estimates the annualized GDP for the entire year as well as each fiscal quarter. Each item of information in this report is given in real terms,
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