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

Instead, new indicators were added, such as e-commerce turnover per capita in comparison with gross domestic product per capita. — Roy Stephen Canivel, Footwear News, 28 Sep. 2026

The federal deficit is set to come in above 6% of gross domestic product this year, based on data from the Congressional Budget Office. — Matt Peterson, CNBC, 24 Sep. 2026

The budget will exceed 3% of Taiwan's gross domestic product for the first time in 2027, and Lai has pledged to get to 5% by 2030. — ABC News, 23 Sep. 2026

Although more than half of global gross domestic product (or $58 trillion) is dependent on nature, according to the accounting firm PwC, the world is on track to lose up to half of all species by 2050. — Story Hinckley, Christian Science Monitor, 23 Sep. 2026

Word History

First Known Use

1951, in the meaning defined above