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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The key economic readings next week are the Conference Board’s monthly consumer confidence report; the April personal consumption expenditures (PCE) index; the Census Bureau’s look at durable goods; the second read on first-quarter gross domestic product; and April new home sales. Jeff Marks, CNBC, 22 May 2026 Hiring grew at a solid clip last month, while gross domestic product exceeded expectations at the outset of this year. Max Zahn, ABC News, 20 May 2026 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 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 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 28 May. 2026.

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