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Over the years, GDP has become a crucial metric for policymakers, economists, and businesses. It helps in assessing the economic growth of a country, comparing the economic performance of different nations, and formulating policies aimed at growth and development. A high GDP indicates a strong economy, while a declining GDP can signal recession.

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Credit rating agencies evaluate a country's debt-to-GDP ratio to determine its financial health. Verified figures ensure that a nation's borrowing costs remain fair, transparent, and reflective of its actual economic capacity. 3. Foreign Direct Investment (FDI) Over the years, GDP has become a crucial