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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
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
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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 5 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
Britannica.com: Encyclopedia article about gross national product
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