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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Based on the Federal Reserve’s most recent data, total public debt as a percentage of gross domestic product sits at a record-breaking 120%.
—
Ivan Illan, Forbes, 2 Dec. 2024
The plan would cut the budget deficit to 3% of gross domestic product by 2028, boost GDP growth to 3% through deregulation, and increase U.S. energy production to the equivalent of an additional 3 million barrels of oil a day.
—Michael Del Castillo, Fortune, 26 Nov. 2024
Economic information is used in the forecast, such as the consumer price index, gross domestic product and labor statistics.
—Michael D. Belsky, Chicago Tribune, 19 Nov. 2024
The member countries represent around 85% of the world’s gross domestic product, more than 75% of world trade and around two-thirds of the world’s population, according to the forum.
—Hannah Peart, NBC News, 19 Nov. 2024
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Ivan Illan, Forbes, 2 Dec. 2024
The plan would cut the budget deficit to 3% of gross domestic product by 2028, boost GDP growth to 3% through deregulation, and increase U.S. energy production to the equivalent of an additional 3 million barrels of oil a day.
—Michael Del Castillo, Fortune, 26 Nov. 2024
Economic information is used in the forecast, such as the consumer price index, gross domestic product and labor statistics.
—Michael D. Belsky, Chicago Tribune, 19 Nov. 2024
The member countries represent around 85% of the world’s gross domestic product, more than 75% of world trade and around two-thirds of the world’s population, according to the forum.
—Hannah Peart, NBC News, 19 Nov. 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 15 Dec. 2024.
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