Share This Article:

Economic Definition of GDI. Defined.

Offline Version: PDF

Term GDI Definition: The abbreviation for gross domestic income, which is the total market value of all final goods and services produced within the political boundaries of an economy during a given period of time, usually a year, as calculated using the income approach to measuring gross domestic product. Gross domestic income is virtually identical to gross domestic product (GDP), with one minor difference, the statistical discrepancy. As a matter of fact, the statistical discrepancy is identified as the difference between GDP and GDI.

 

« GATT | GDP »

Permalink: http://glossary.econguru.com/economic-term/GDI

Alphabetical Reference to Over 2,000 Economic Terms