GDP Calculator – Expenditure & Income Approaches
Use this free GDP Calculator to estimate gross domestic product using either the expenditure or resource cost-income approach. Enter the relevant values for each method to get an instant GDP estimate. This tool is useful for students, economists, and anyone interested in macroeconomics.
How GDP is Calculated
- Expenditure Approach: GDP = Personal Consumption + Gross Investment + Government Consumption + (Exports – Imports)
- Resource Cost-Income Approach: GNP = Employee Compensation + Proprietors' Income + Rental Income + Corporate Profits + Interest Income
GDP = GNP + Indirect Business Taxes + Depreciation + Net Income of Foreigners