GDP

1. gross domestic product.

GDP

abbreviation

1. gross domestic product

Example Sentences

Australia’s third-quarter GDP data on Wednesday will be the highlight of the week.

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GDP growth in these three economies is dominated by manufacturing exports and high tech.

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GDP growth in these three economies is dominated by manufacturing exports and high tech.

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The economy contracted 1.8% in the second quarter, a steeper pullback than the earlier estimate of a 1.6% decline in GDP.

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In the third quarter, Mexico’s GDP contracted 0.3% in seasonally adjusted terms from the second quarter, led by a drop in industrial output, and was down 0.2% from the year-earlier quarter.

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When To Use

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 ]