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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Though recession fears have grown since the fighting began more than six weeks ago, most economists think the war will have only modest effects on gross domestic product — maybe shaving off a few tenths of a percentage point overall. Jeff Cox, CNBC, 15 Apr. 2026 Crunching these numbers, the nonpartisan Committee for a Responsible Federal Budget reckons that the budget and its economic assumptions imply public debt rising to 103% of gross domestic product in 2029 before falling to 94% in 2036. Bloomberg Opinion, Twin Cities, 14 Apr. 2026 But wealthier consumers are picking up the slack and then some, splurging on luxury and powering gross domestic product growth. Fortune, 9 Apr. 2026 But wealthier consumers are picking up the slack and then some, splurging on luxury and powering gross domestic product growth. Patrick Van Esch, The Conversation, 8 Apr. 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 18 Apr. 2026.

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