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

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The gross domestic product for the third quarter was also down a bit, according to data from the Bureau of Economic Analysis. —

Megan Poinski, Forbes, 5 Nov. 2024 By 2050, Tanzania may experience significant drought and more intense flooding, which could lead to a widespread decrease in agriculture and a lowering of the gross domestic product by up to 18 percent. —

New York Times, 4 Nov. 2024 At $110 trillion, according to International Monetary Fund figures, world gross domestic product looks modest in comparison. —

Hanna Ziady, CNN, 31 Oct. 2024 The data was included in the advance gross domestic product report for the third quarter, which was published on Wednesday. —

Lucia Mutikani, USA TODAY, 31 Oct. 2024 See all Example Sentences for gross domestic product

Word History

First Known Use

1951, in the meaning defined above

Time Traveler

The first known use of gross domestic product was in 1951

See more words from the same year

Cite this Entry

Style

“Gross domestic product.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/gross%20domestic%20product. Accessed 21 Nov. 2024.

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