what are the factors that influence gdp?
What Factors Affect Real GDP Growth? Real gross domestic product (GDP) represents the method by which economists assess growth in a country's economy. This particular measure considers inflation in the final results. Real GDP growth can be affected by various factors but there are some primary drivers of this type of expansion in an economy. Consumer spending can be a significant driver of this economic barometer. Other factors that influence GDP include the pace at which businesses and government agencies spend money. Economists heavily consider consumer spending when assessing growth in regional economies. In some countries, personal consumption, which represents consumer spending, is the largest consideration in determining real GDP growth.