Learn about GDP with Statistics 4 beginners

You hear about the concept of gross domestic product (GDP) all the time in the news – but do you really know what it is? Do you wonder how is it calculated, or how can you compare different countries’ GDP?

Get the answers to these and more of your questions on GDP with the 2 Eurostat Statistics 4 beginners articles, which bring more light on the matter: What is GDP? and Comparing GDP: growth rate and per capita. 

By exploring these articles, you will find clear explanations to basic statistical concepts and definitions and learn to interpret GDP data correctly.

In the What is GDP? article, you can explore, with the help of a video, concrete examples and data visualisations, what is included in GDP and how is used in economic decision-making, whether at national, international, and you can also check how GDP relates to your daily life. 

In Comparing GDP: growth rate and per capita you can dig deeper into how to compare GDP of economies. You can learn how to avoid drawing misleading conclusions because of different sizes of population, price level differences and inflation (or price changes overtime) through specific examples and visualisations.

At the end of each article, you can take a quiz to test your knowledge and explore other interesting resources, for example the Education corner, and interactive data visualisations where you can play around with GDP statistics. 

This article is part of Eurostat’s series introducing Statistics 4 beginners, a great resource for newcomers to statistics, students and educators to learn about key statistical indicators and basic concepts, through storytelling, visualisations and real data examples.