When calculating GDP, Exports are added and Imports are subtracted.
A GDP is an acronym for Gross Domestic Product which helps to calculate the monetary values of goods and services available in the market. When these goods are purchased by the customers within a fixed period of time.
The calculation of GDP is based on the output based on the production and selling in the country. While calculating GDP the export is added as they show the incoming money in the market whereas imports are subtracted as they show the outgoing of money from the market.
Export refers to sending of goods for the purpose of selling to other countries. Imports refer to purchasing products from foreign countries due to the unavailability of resources.
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