gross domestic product

noun

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

Examples of gross domestic product in a Sentence

Recent Examples on the Web
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With more than 150,000 homes damaged, the storm inflicted billions of dollars in losses, equivalent to around 32% of the country’s gross domestic product. Jacqueline Charles, Miami Herald, 31 Dec. 2025 The plan follows Japan’s commitment to double its defense budget to 2% of gross domestic product, as part of a five-year military expansion program to counter China. Kapil Kajal, Interesting Engineering, 26 Dec. 2025 The growth in gross domestic product — the nation's output of goods and services — between July and September far outstripped the forecast for 3% growth, according to economists polled by financial data firm FactSet. Mary Cunningham, CBS News, 23 Dec. 2025 The area accounts for close to 5% of Mexico’s gross domestic product. Suzette Hackney, USA Today, 21 Dec. 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 5 Jan. 2026.

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