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
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
Though not without trade-offs, McKinsey estimates that closing the housing shortfall could help unlock as many as 1.7 million jobs and add nearly $2 trillion to gross domestic product through 2035. Shelley Stewart Iii, Forbes.com, 30 June 2025 Our gross domestic product is about $83,000 per capita versus Mexico at about $14,000. Chicago Tribune, 30 June 2025 Before the bell, investors will see weekly jobless claims as another clue to the health of the labor market and gross domestic product (GDP) data for the first three months of the year to see how fast the economy grew. Medora Lee, USA Today, 27 June 2025 Trump Administration officials have also demanded that Taiwan increase its defense spending to as much as 10% of its gross domestic product, as part of an overall push for the U.S.’ partners to spend more on their own defenses. Miranda Jeyaretnam, Time, 27 June 2025 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

Browse Nearby Words

See all Nearby Words

Cite this Entry

“Gross domestic product.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/gross%20domestic%20product. Accessed 4 Jul. 2025.

More from Merriam-Webster on gross domestic product

Last Updated: - Updated example sentences
Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!