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STEP 1: CONSIDERING EXPORTING
You are here: Step 1: Considering exporting > The various environments you will encounter abroad > The economic environment > Gross domestic product (GDP)  
Gross domestic product (GDP)

A widely accepted measure of a country's economic performance is its GDP, which is the total market value of all final goods and services produced in a particular country within a year. The GDP measures the productive resources of a country and does not, therefore, include such payments as social security which are not the result of genuine production but rather a transfer of money from one area of society, i.e. the government, to another.

GDP is often used for the purposes of measuring the standard of living of a country. More specifically, the standard of living is derived by dividing the total production of a country (GDP) by its population(GDP per capita). This figure helps compare the quality of life of different countries, and provides a basic measure of the economic strength of a particular society as well as a comparative measure by which a country can evaluate its economic progress.

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Step 1: more information

Step 1: Considering exporting
      The various benefits of exporting
      The various drawbacks to exporting
      The difference between domestic and export marketing
      The various environments you may encounter
            The sociocultural environment
            The legal environment
            The economic environment
                  Gross Domestic Product (GDP)
                  Disposable income
                  .Demographic factors
                  Competitive and complementary products
                  Industrialised vs developing countries
                  Degree of government intervention
                  Trading blocs
                  International trade agreements
            The political environment
            The technological environment
            The physical environment
      The various barriers you may face

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More information on Step 1
Learning to export... The export process in 21 easy steps
Step 1: Considering exporting
Step 2:Current business viability
Step 3:Export readiness
Step 4:Broad mission statement and initial budget
Step 5:Confirming management's commitment to exports
Step 6: Undertaking an initial SWOT analysis of the firm
Step 7:Selecting and researching potential countries abroad
Step 8: Preparing and implementing your export plan
Step 9: Obtaining financing for your exports
Step 10: Managing your export risk
Step 11: Promoting the firm and its products abroad
Step 12: Negotiating and quoting in exports
Step 13: Revising your export costings and price
Step 14: Obtaining the export order
Step 15: Producing the goods
Step 16: Handling the export logistics
Step 17: Export documentation
Step 18: Providing follow-up support
Step 19: Getting paid
Step 20: Reviewing and improving the export process
Step 21: Export Management
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