GDP (Gross Domestic Product) is the total market value of all the goods and services produced within the borders of a nation during a specified period. In the year 2006 the GWP (Gross World Product) was $65 trillion; that is the GDP of every nation in the world. The GDP varies from nation to nation. Countries which have a higher GDP also tend to have a higher standard of living. For example, in 2006 the United States GDP was $12,455,070,000 dollars while Haiti, South America had a GDP of $4,245,000. The United States makes 2,934 times as much money as Haiti does a year. Comparing those two numbers, it is hard to mistake which country has a higher standard of living. According to the International Monetary Fund, the United States has the third highest standard of living behind Luxembourg and Norway.Goto the top of this page.