It's a virtual address in RAM.  You have a position-dependent executable, so the absolute address it will be loaded to is right there in the ELF metadata.  (you can use readelf my_program, or the GDB command info files.)
If you had a PIE executable and set a breakpoint before starting it, GDB will give you a breakpoint address that isn't relocated yet, so the first byte of the file is treated as address 0.  e.g.
(gdb) b main
Breakpoint 1 at 0x64e: file hello.c, line 3.
(gdb) run
Starting program: /tmp/hello
Breakpoint 1, main () at hello.c:3
(gdb) info br
Num     Type           Disp Enb Address            What
1       breakpoint     keep y   0x000055555555464e in main at hello.c:3
        breakpoint already hit 1 time
Note that 0x64e and 0x000055555555464e have the same offset within a 4k page, because the file gets mapped to a page-aligned address.