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

China is expected to release its gross domestic product growth for the second quarter on Wednesday. — Anniek Bao, CNBC, 14 July 2026

Together, these countries account for about 60 percent of the world’s gross domestic product. — Mindy Lubber, Forbes.com, 8 July 2026

Hundreds of buildings have been damaged, and the economic impact is estimated at approximately 6% of the country’s gross domestic product (GDP), according to the United Nations Development Programme (UNDP). — Mauricio Torres, CNN Money, 8 July 2026

Carney has pledged to raise defense spending to 5% of gross domestic product by 2035 after Canada reached NATO’s previous 2% spending target this year. — Rob Gillies, Los Angeles Times, 7 July 2026

Word History

First Known Use

1951, in the meaning defined above