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 Poland, on Ukraine’s western border, is spending more than 4 percent of its gross domestic product on defense. Liz Alderman, New York Times, 20 May 2024 The group intends to continue supporting Ukraine and wants to enshrine the NATO requirement to 2% of gross domestic product on defense into law. TIME, 16 May 2024 See all Example Sentences for gross domestic product 

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.

Word History

First Known Use

1951, in the meaning defined above

Time Traveler
The first known use of gross domestic product was in 1951

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 28 May. 2024.

More from Merriam-Webster on gross domestic product

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