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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Rutte said future spending would have to be much higher than the current alliance target of 2% of national wealth as measured by gross domestic product (GDP).
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Reuters, CNN, 13 Dec. 2024
Advertisement France is under pressure from the European Union’s executive body and financial markets to reduce its colossal debt, estimated to reach 6% of its gross domestic product this year.
—Sylvie Corbet, Los Angeles Times, 13 Dec. 2024
Nicaragua presents unique challenges due to its trade surplus with the U.S., totaling approximately $3 billion in 2022—nearly 20 percent of its gross domestic product.
—Joseph Epstein, Newsweek, 10 Dec. 2024
The increase in dollars resulted from the growth of the stock market and gross domestic product (GDP), as both performed better than many economists expected in 2023.
—Kelly Phillips Erb, Forbes, 7 Dec. 2024
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Reuters, CNN, 13 Dec. 2024
Advertisement France is under pressure from the European Union’s executive body and financial markets to reduce its colossal debt, estimated to reach 6% of its gross domestic product this year.
—Sylvie Corbet, Los Angeles Times, 13 Dec. 2024
Nicaragua presents unique challenges due to its trade surplus with the U.S., totaling approximately $3 billion in 2022—nearly 20 percent of its gross domestic product.
—Joseph Epstein, Newsweek, 10 Dec. 2024
The increase in dollars resulted from the growth of the stock market and gross domestic product (GDP), as both performed better than many economists expected in 2023.
—Kelly Phillips Erb, Forbes, 7 Dec. 2024
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 27 Dec. 2024.
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