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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It is set to reach nearly 5% of gross domestic product this year, the target Mr. Trump says all NATO allies should meet, and well above the alliance’s current average of under 3%.
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Ned Temko, The Christian Science Monitor, 9 Jan. 2025
Another is Ishiba’s Liberal Democratic Party failing to act fast enough to ensure military spending tops 3% of gross domestic product.
—William Pesek, Forbes, 3 Jan. 2025
As a percentage of gross domestic product, health care spending had risen from 6.9% to 8.1%.
—Guian McKee / Made By History, TIME, 29 Dec. 2024
This consumer-to-producer shift means tariffs have repercussions for a country’s gross domestic product, or the value of the goods and services produced by its businesses and workers.
—Michael Pettis, Foreign Affairs, 27 Dec. 2024
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Ned Temko, The Christian Science Monitor, 9 Jan. 2025
Another is Ishiba’s Liberal Democratic Party failing to act fast enough to ensure military spending tops 3% of gross domestic product.
—William Pesek, Forbes, 3 Jan. 2025
As a percentage of gross domestic product, health care spending had risen from 6.9% to 8.1%.
—Guian McKee / Made By History, TIME, 29 Dec. 2024
This consumer-to-producer shift means tariffs have repercussions for a country’s gross domestic product, or the value of the goods and services produced by its businesses and workers.
—Michael Pettis, Foreign Affairs, 27 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 16 Jan. 2025.
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