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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Along with the statement and dot plot release, officials will update their forecasts for gross domestic product, unemployment and inflation. Jeff Cox, CNBC, 16 Sep. 2025 Neighboring Taiwan plans to boost military spending by a fifth in 2026 to more than three percent of its gross domestic product. Kapil Kajal, Interesting Engineering, 16 Sep. 2025 Economic growth in the second quarter, as measured by gross domestic product, also came in stronger than expected. John Towfighi, CNN Money, 14 Sep. 2025 But there is another huge problem involving how the size of the economy, gross domestic product (GDP), is measured. Steve Forbes, Forbes.com, 11 Sep. 2025 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 20 Sep. 2025.

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