GDP is defined as a final value of the goods and services that are produced within the geographic boundaries of a country in a specified period of time, normally in a year. The GDP growth rate proves to be an important indicator of the economic performance of a country.The Gross domestic product (GDP) is the total money or the market value of the finished goods and services which are being produced within a country's borders in a specified time period. As a broad-measures of this overall domestic production, the function is a comprehensive scorecard of any country’s economic health.