gross domestic product

noun

: the gross national product excluding the value of net income earned abroad

Examples of gross domestic product in a Sentence

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As health secretary, Streeting had been tasked with overhauling Britain’s creaking National Health Service (NHS), which has eaten up a long-increasing share of the country’s gross domestic product (GDP). Christian Edwards, CNN Money, 14 May 2026 Tourism makes up nearly 8% of Vietnam's gross domestic product — the nation's total output of goods and services — so that affects the entire economy. ABC News, 11 May 2026 My trusty spreadsheet compared county-level gross domestic product stats for 2024, the latest available, and 2001, the oldest numbers in the dataset, to identify the Golden State’s hottest business climates. Jonathan Lansner, Oc Register, 9 May 2026 That was reflected in the first lady’s familiar language of gross domestic product growth and shoutouts to the tech billionaires who stand to reap significant financial rewards. Randi Weingarten, Fortune, 6 May 2026 See All Example Sentences for gross domestic product

Word History

First Known Use

1951, in the meaning defined above

Time Traveler
The first known use of gross domestic product was in 1951

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Cite this Entry

“Gross domestic product.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/gross%20domestic%20product. Accessed 21 May. 2026.

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