gross national product

noun

: the total value of the goods and services produced by the residents of a nation during a specified period (such as a year)

Examples of gross national product in a Sentence

Recent Examples on the Web
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But if history is any guide, expanding gross national product is also unlikely to be a panacea. Robert A. Pape, Foreign Affairs, 23 Sep. 2024 Here’s a fact to consider: the American health care system is a $4.5 trillion industry (and counting), around the size of Italy’s entire gross national product. David Weill, STAT, 9 Aug. 2024 Some economists list the net worth of these corporations as being more than the gross national product of many European nations. Reader Commentary, Baltimore Sun, 2 Aug. 2024 Advertisement Remittances to Mexico — almost all from the United States — have more than doubled during the last decade, totaling a record $58.5 billion in 2022, or 4.32% of the country’s gross national product, according to the World Bank. Patrick J. McDonnell, Los Angeles Times, 5 Sep. 2023 See all Example Sentences for gross national product 

Word History

First Known Use

1923, in the meaning defined above

Time Traveler
The first known use of gross national product was in 1923

Dictionary Entries Near gross national product

Cite this Entry

“Gross national product.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/gross%20national%20product. Accessed 15 Nov. 2024.

Kids Definition

gross national product

noun
: the total value of the goods and services produced in a nation during a year

Legal Definition

gross national product

noun
: the total value of the goods and services produced by the residents of a nation during a specified period (as a year)

More from Merriam-Webster on gross national product

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