gross domestic product

American  

[grohs duh-mes-tik prod-uhkt] / ˈgroʊs dəˈmɛs tɪk ˈprɒd əkt /

noun

1. gross national product excluding payments on foreign investments. GDP

---

gross domestic product British  

noun

1. GDP. 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 nations

---

gross domestic product Cultural  

1. 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.

---

Compare meaning

How does gross-domestic-product compare to similar and commonly confused words? Explore the most common comparisons:

• gross domestic product vs. gross national product

Example Sentences

See Examples For:

gross domestic product

France’s Budget Act for 2027 is scheduled to be presented on Thursday, with a public deficit target of 5.0% of gross domestic product.

From The Wall Street Journal ● Oct. 1, 2026

The Commerce Department revised its reading for second-quarter U.S. gross domestic product growth upward to 2.2% from the previously reported 1.5%.

From The Wall Street Journal ● Sep. 30, 2026

Eastern, followed by the personal-consumption-expenditures price index, an update of second-quarter gross domestic product and the trade balance at 8:30 a.m.

From MarketWatch ● Sep. 30, 2026

Business-to-business spending is booming, and solely looking at gross domestic product misses this.

From The Wall Street Journal ● Sep. 30, 2026

About six percent of the country’s gross domestic product is spent on education, more than double the percentage of comparable spending in the United States, Japan, or Britain.

From "Escape from Camp 14: One Man's Remarkable Odyssey from North Korea to Freedom in the West" by Blaine Harden