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 Andean nation had an external debt to gross domestic product ratio of 32% in 2024, one of the lowest in Latin America, and the government has welcomed foreign investment in areas like mining and infrastructure. ABC News, 17 Feb. 2026 The Andean nation had a public debt to gross domestic product ratio of 32% in 2024, one of the lowest in Latin America, and the government has welcomed foreign investment in areas such as mining and infrastructure. Franklin Briceño, Los Angeles Times, 17 Feb. 2026 The chart below, produced by KPMG economist Diane Swonk, shows the percent of gross domestic product represented by corporate profits, versus the amount that accrues to workers' wages. Andrea Riquier, USA Today, 17 Feb. 2026 The defense chiefs’ article notes that NATO leaders have already committed to spending 5% of gross domestic product on defense by 2035. Brad Lendon, CNN Money, 16 Feb. 2026 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

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Cite this Entry

“Gross domestic product.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/gross%20domestic%20product. Accessed 21 Feb. 2026.

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