GDP

American  

1. gross domestic product.

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GDP British  

abbreviation

1. gross domestic product

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Usage

What is GDP? GDP stands for gross domestic product. It’s the total monetary value of everything produced within a country, and is used as a measurement of a country’s economic status and growth.How is GDP pronounced?[ jee-dee-pee ]

Example Sentences

Fiber optic cables were lighter than copper, more of the value in GDP was in ideas not physical goods, et cetera.

From Barron's

Italy will release yearly GDP data on Monday and flash estimate CPI data for February on Tuesday, when the same data is also scheduled from the eurozone as a whole.

From The Wall Street Journal

The GDP numbers are the first data released under a revised framework that New Delhi said better captures "the realities of a fast-changing economy".

From Barron's

It eliminates tariffs on more than 90 percent of trade between the two blocs, which together account for 30 percent of global GDP and more than 700 million consumers.

From Barron's

He said that while federal personal income tax brings in revenue equal to 6% and 10% of gross domestic product, “tariff revenue has never reached even half of one percent of GDP.”

From Barron's