gross domestic product

[grohs duh-mes-tik prod-uhkt]

noun

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

gross domestic product

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

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.

Example Sentences

The control group measure—which strips out autos, building materials, gasoline, and restaurant spending and feeds into gross domestic product growth calculations—declined by 0.1% month over month.

Read more on Barron's

Figures released Tuesday confirmed the country’s gross domestic product remained flat in the third quarter, avoiding a recession, according to data from statistics agency Destatis.

Read more on The Wall Street Journal

A solid U.S. economy is also part of his bullish picture for U.S. stocks, though the bank sees a slight moderation in gross domestic product to 3.1% in 2026 from 3.2% this year.

Read more on MarketWatch

A solid U.S. economy is also part of his bullish picture for U.S. stocks, though the bank sees a slight moderation in gross domestic product to 3.1% in 2026 from 3.2% this year.

Read more on MarketWatch

Business investment in artificial intelligence might have accounted for as much as half of the growth in gross domestic product, adjusted for inflation, in the first six months of the year.

Read more on The Wall Street Journal