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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European governments are affirming the need for major increases in their military budgets — if not to the 5 percent of gross domestic product demanded by Mr. Trump, then to levels not seen since the Cold War days of the early 1980s.
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Mark Landler, New York Times, 18 Feb. 2025
Under ordinary circumstances, the European Union’s fiscal rules require countries to keep their annual spending under 3% of their gross domestic product.
—Ganesh Rao,chloe Taylor,holly Ellyatt, CNBC, 17 Feb. 2025
Private businesses contribute more than 60% to China’s gross domestic product and over 80% of employment, despite being dwarfed by the state sector in size.
—John Liu, CNN, 17 Feb. 2025
The total of about $60 billion is eight-tenths of 1 percent of total federal spending and two-tenths of 1 percent of gross domestic product.
—Edward Lotterman, Twin Cities, 16 Feb. 2025
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Mark Landler, New York Times, 18 Feb. 2025
Under ordinary circumstances, the European Union’s fiscal rules require countries to keep their annual spending under 3% of their gross domestic product.
—Ganesh Rao,chloe Taylor,holly Ellyatt, CNBC, 17 Feb. 2025
Private businesses contribute more than 60% to China’s gross domestic product and over 80% of employment, despite being dwarfed by the state sector in size.
—John Liu, CNN, 17 Feb. 2025
The total of about $60 billion is eight-tenths of 1 percent of total federal spending and two-tenths of 1 percent of gross domestic product.
—Edward Lotterman, Twin Cities, 16 Feb. 2025
See all Example Sentences for gross domestic product
Dictionary Entries Near gross domestic product
Cite this Entry
“Gross domestic product.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/gross%20domestic%20product. Accessed 21 Feb. 2025.
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