Glossary - G

G7
G stands for group. G7 is the Group of 7. These are the 7 leading industrial nations of the world: USA, UK, Japan, France, Germany, Canada and Italy.
 
G10
G stands for group. G10 is the Group of 10. These are the 10 leading industrial nations of the world: USA, UK, Japan, France, Germany, Canada, Italy, Sweden, Netherlands and Belgium.
 
GAP
A price area at which the market did not trade from one day the next.
 
GERMAN INSTITUTE FOR ECONOMIC RESEARCH
The German Institute for Economic Research or DIW Berlin is one of the leading economic research institutes in Germany. It is an independent, non-profit academic institution which is involved in basic research and policy advice.
GDP
Gross Domestic Product. The market value of all final goods and services produced within a country in a given period. Usually measured annually.
 
GLOBAL FINANCIAL SYSTEM
This is the system consisting of institutions and regulators that act on the international level, as opposed to those that act on a national or regional level.
 
GNP
Gross National Product. This is the market value of all products and services produced in one year in any geographical location by labour and property supplied by the residents of a country.
 
GOOD TILL CANCELED (GTC)
An order that remains in effect until it is canceled.
 
GROSS DOMESTIC OUTPUT
Gross domestic product is defined as the market value of all final goods and services produced in a geographical region, usually a country.