Country Y has a Gross Domestic Product (GDP) of approximately $500 billion, reflecting the total value of all goods and services produced within its borders in a given year. This figure indicates the economic health of Country Y and is used to compare its performance with other nations. The GDP growth rate for Country Y has averaged around 3% annually over the past five years. This steady growth suggests a stable economy, driven by key sectors such as agriculture, manufacturing, and services, which contribute significantly to the overall GDP.