No, the GDP is the "gross domestic product". It's the value of the goods and services produced by the entire country. It's kind of related to how much money people make, but it's not the same thing.
The GDP per capita is USD 9,942
The 2017 GDP is $469.7 billion.
Israeli exports are valued at $80 billion, of which 75% is in the high-tech sector.
USD$59.88 billion, or 5.5% of GDP.
GDP: gross domestic product; basically how much money taken by the country from within itself. Real GDP: * definition waiting. Per capita GDP: The GDP divided by the population. A good estimate of how much each person makes - a larger population with a fairly large GDP might appear to be better off, but a lower per capita GDP indicates that it is not as good as a smalller country with higher per capita GDP.
High GDP because it means more money.
Norway spends about 1.9% of it's GDP on the military.
Rising GDP (Gross Domestic Product) creates an increase in the money supply. However the stock market needs an increase in GDP to make profits, and to much GDP causes higher inflation which is a big concern in China. The easy way to define inflation is, if inflation increases by 8% and your pay check only increases by 4% in that same year, your money is now worth 4% less than the previous year.
People, land, and money (GDP wise) are some examples.
It is currently a rather substantial $3.8 billion of taxpayer money, or 0.34% of GDP. The Rudd government has committed to raising this to 0.5% of GDP or about $8 billion by 2015. The UN has established a goal of 0.7% of GDP for aid budgets of developed countries. There is an underlying assumption, consistently promoted by the UN, NGOs, and people like Jeffery Sachs that bigger is better.
India is the best in the world China has a much larger GDP and money in total.
Sudan spends 27.8 percent of its annual GDP on education. In 2013, Sudan's GDP was $66.55 billion, and 27.8 percent of that is $18.5 billion.