Glossary & framework library

Gross domestic product (GDP)

Urban Economics

Reference

The total value of goods and services produced in an economy over a period; real estate demand tracks GDP growth, which is why analysts anchor absorption forecasts to it.

Related terms

  • Gross national income (GNI)

    The total income earned by a country's residents including net income from abroad; for remittance-heavy economies like Egypt, GNI captures household purchasing…

  • Inflation

    The rate at which the general price level rises, eroding purchasing power; in Egypt and Nigeria double-digit inflation is a primary reason investors treat real…

  • Infrastructure-led growth

    Development demand created by new transport, utilities, or public investment.

  • Labour force participation

    The share of the working-age population that is employed or actively seeking work; low female participation across MENA is a key swing factor in household inco…

  • Land-use planning

    The public process of allocating land to residential, commercial, industrial, and other uses; weak or slow planning approvals are a chronic constraint on suppl…

  • Land value capture

    Public recovery of part of the land-value uplift created by infrastructure or planning.

  • Mixed-use

    Development combining residential, commercial, and other uses on one site.

  • Placemaking

    Designing spaces to create a distinctive, attractive sense of place that supports value.