Dictionary.com

gross domestic product

[ grohsduh-mes-tik prod-uhkt ]
/ ˈgroʊs dəˈmɛs tɪk ˈprɒd əkt /
Save This Word!

noun
gross national product excluding payments on foreign investments. Abbreviation: GDP

COMPARE MEANINGS

Click for a side-by-side comparison of meanings. Use the word comparison feature to learn the differences between similar and commonly confused words.
QUIZ
WILL YOU SAIL OR STUMBLE ON THESE GRAMMAR QUESTIONS?
Smoothly step over to these common grammar mistakes that trip many people up. Good luck!
Question 1 of 7
Fill in the blank: I can’t figure out _____ gave me this gift.
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2022

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