Dictionary.com

gross domestic product

Save This Word!

noun
gross national product excluding payments on foreign investments. Abbreviation: GDP
QUIZ
SPRINT TO THE FINISH WITH THIS OLYMPICS QUIZ!
Compete in our Olympics quiz to see if you can take home the gold medal in Olympics knowledge.
Question 1 of 10
Where was the Olympics first held?
Meet Grammar CoachWrite or paste your essay, email, or story into Grammar Coach and get grammar helpImprove Your Writing
Meet Grammar CoachImprove Your Writing
Write or paste your essay, email, or story into Grammar Coach and get grammar help
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2021

How to use gross domestic product in a sentence

British Dictionary definitions for gross domestic product

gross domestic product

noun
the total value of all goods and services produced domestically by a nation during a year. It is equivalent to gross national product minus net investment incomes from foreign nationsAbbreviation: GDP
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Cultural definitions for gross domestic product

gross domestic product

The monetary value of all of a nation's goods and services produced within a nation's borders and within a particular period of time, such as a year. It became the official measure of the U.S. economy in 1991. It replaced “gross national product,” which covered all goods and services produced by U.S. residents regardless of where they were working.

The New Dictionary of Cultural Literacy, Third Edition Copyright © 2005 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
FEEDBACK