Gross Domestic Product (or GDP) is the total value of goods produced and services provided in a country during one year. It is one of the primary indicators used to gauge the health of a country's economy. It represents the total dollar value of all goods and services produced over a specific time period. We started with low GDP, but later on in the years, we grow over 2 billion dollars. Our peak of GDP was in 2007, but then we started decreasing the next two years. But in 2010, we turned back around. economic production and growth - what GDP represents - has a large impact on nearly everyone within that economy.