Eli5: Kindly explain GDP like I’m 5

Question

I know the basic definition but it really doesn’t click in my head, kindly shade more light

In: Economics

Answer 1

Everything in an economy has some form of value, be that someone creating music, or building a car, or cutting hair. The total value of all that in a country is the GDP. Adding up the GDP of each country and making allowances for different population sizes allows you to compare different countries. https://youtu.be/e0wQVONapXM