What does GSMH mean in TURKISH

GSMH stands for Gayri Safi Millî Hasila, which can be translated as Gross National Product or Gross Domestic Product.

GSMH is measured by adding up all the income that individuals within a country receive from abroad, plus the value of any goods and services they produce. This includes not just domestic production, but also profits from foreign sources.

In order to measure GSMH, income must include investments in real estate, both locally and abroad; wages and salaries; corporate profits; rental income; dividends; royalties; taxes paid to governments (both domestic and foreign); aid payments received from other countries; transfer payments made by individuals to other countries (such as gifts or remittances); interest payments on loans; and foreign exchange gains or losses. In addition to these items, goods and services produced within the country are also taken into account when measuring GSMH.

Knowing about GSMH has many benefits, including providing government and business leaders with important economic data that can inform their decision-making processes. Businesses may use this data to determine appropriate pricing levels in order to remain competitive while keeping their profit margins acceptable. Governments additionally use it to track budget deficits/surpluses, inflation rates, unemployment rates, etc., in order to effectively manage fiscal policies.

The data used to calculate GMSM typically gets updated every quarter (three months). However, depending on where you live some countries may have different intervals in which they release updates on this information.