gross national product excluding payments on foreign investments. Abbreviation: GDP
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Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2024
How to use gross domestic product in a sentence
All told, the two men increased their net worth by a staggering $200 billion last year, a sum greater than the gross domestic products of 139 countries.World’s richest men added billions to their fortunes last year as others struggled | Christopher Ingraham | January 1, 2021 | Washington Post
Canada, Scandinavia, Iceland and Russia each could see as much as fivefold bursts in their per capita gross domestic products by the end of the century so long as they have enough people to power their economies at that level.The Big Thaw: How Russia Could Dominate a Warming World | by Abrahm Lustgarten, photography by Sergey Ponomarev | December 16, 2020 | ProPublica
The effects would reverberate outside the transit system and result in about 450,000 regional job losses and a $65 billion cut to the region’s gross domestic product, according to a New York University study.Transit system service cuts proposed in Congress’s backyard elicit calls for more funding | Justin George, Lori Aratani, Meagan Flynn | December 2, 2020 | Washington Post
In 1972 the fourth king of Bhutan put forward the idea of ditching gross domestic product as the nation’s main measurement of success and instead trying to measure how content people were.How “gross national happiness” helped Bhutan keep covid-19 at bay | Katie McLean | October 21, 2020 | MIT Technology Review
For centuries, gross domestic product and energy have risen almost in lockstep around the world.The US economy is decoupling from electricity generation | Michael J. Coren | July 9, 2020 | Quartz
British Dictionary definitions for gross domestic product
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: Abbreviation: 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
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.