Gross Domestic Product (GDP) is the total market value of all final goods and services produced within a country during a set period. Economists use it to measure the size of an economy and how fast it grows. Statistical agencies usually publish GDP figures quarterly and annually.
In international trade, GDP trends help explain demand for imported goods, including machinery. When construction, farming or mining output grows, buyers in that country often import more equipment. Exporters and freight forwarders follow these figures to plan capacity on major trade lanes.
