gross domestic product
noun
: the gross national product excluding the value of net income earned abroad
Examples of gross domestic product in a Sentence
Recent Examples on the Web
In Oaxaca, home to more than 4 million people, residents collectively received $2.9 billion in remittances in 2022 — equal to about 12% of the state’s gross domestic product, according to the Bank of Mexico and government figures.
—
Xavier Martinez, Los Angeles Times, 26 Apr. 2024
Thursday’s report from the Commerce Department said the gross domestic product — the economy’s total output of goods and services — decelerated in the January-March quarter from its brisk 3.4% growth rate in the final three months of 2023.
—Paul Wiseman, Fortune, 25 Apr. 2024
Today, manufacturing accounts for about $2.3 trillion of gross domestic product, employs about 12 million people and indirectly supports other local jobs.
—Talmon Joseph Smith, New York Times, 11 Apr. 2024
Fitch believes the general government deficit will rise to 7.1% of gross domestic product in 2024 from 5.8% last year.
—Juliana Liu, CNN, 10 Apr. 2024
Federal taxes dropped from about 19% of gross domestic product in 2001 to about 16% by the start of 2020.
—Sunny Nagpaul, Fortune, 8 Apr. 2024
If a larger share of China’s gross domestic product went to bolster household income, such as through funding for education, consumer spending would rise as a share of GDP, increasing domestic demand.
—Ann Scott Tyson, The Christian Science Monitor, 8 Apr. 2024
Across the West Bank, unemployment reached 29 percent by the end of 2023, causing a sharp decline in the gross domestic product, according to the Palestinian Central Bureau of Statistics.
—Claire Parker, Washington Post, 11 Mar. 2024
Under a baseline scenario that assumes the economy will keep growing around the current pace, Japan will see its per-capita gross domestic product (GDP) rise just 6.2% in 2060, the Cabinet Office's estimates showed.
—Fox News, 2 Apr. 2024
Xavier Martinez, Los Angeles Times, 26 Apr. 2024
Thursday’s report from the Commerce Department said the gross domestic product — the economy’s total output of goods and services — decelerated in the January-March quarter from its brisk 3.4% growth rate in the final three months of 2023.
—Paul Wiseman, Fortune, 25 Apr. 2024
Today, manufacturing accounts for about $2.3 trillion of gross domestic product, employs about 12 million people and indirectly supports other local jobs.
—Talmon Joseph Smith, New York Times, 11 Apr. 2024
Fitch believes the general government deficit will rise to 7.1% of gross domestic product in 2024 from 5.8% last year.
—Juliana Liu, CNN, 10 Apr. 2024
Federal taxes dropped from about 19% of gross domestic product in 2001 to about 16% by the start of 2020.
—Sunny Nagpaul, Fortune, 8 Apr. 2024
If a larger share of China’s gross domestic product went to bolster household income, such as through funding for education, consumer spending would rise as a share of GDP, increasing domestic demand.
—Ann Scott Tyson, The Christian Science Monitor, 8 Apr. 2024
Across the West Bank, unemployment reached 29 percent by the end of 2023, causing a sharp decline in the gross domestic product, according to the Palestinian Central Bureau of Statistics.
—Claire Parker, Washington Post, 11 Mar. 2024
Under a baseline scenario that assumes the economy will keep growing around the current pace, Japan will see its per-capita gross domestic product (GDP) rise just 6.2% in 2060, the Cabinet Office's estimates showed.
—Fox News, 2 Apr. 2024
These examples are programmatically compiled from various online sources to illustrate current usage of the word 'gross domestic product.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.
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 3 May. 2024.
Copy CitationLove words? Need even more definitions?
Merriam-Webster unabridged
Share