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

That is greater than the gross domestic products of India, Russia and Saudi Arabia combined, according to the most recent World Bank data. — Eleanor Nash, Kansas City Star, 20 Sep. 2026

Johannesburg accounts for roughly 16% of gross domestic product in Africa’s biggest economy, but has struggled for years to provide reliable public services, with regular power and water crises. — Tiisetso Motsoeneng, semafor.com, 16 Sep. 2026

Under its five-year plan established in 2022, the country has doubled its defense spending to about 2% of its gross domestic product to build up its Self-Defense Forces’ offensive role to counter China’s growing assertiveness. — ABC News, 15 Sep. 2026

Government debt makes up more than 200% of its gross domestic product, leaving its finances highly sensitive to rising borrowing costs. — Lee Ying Shan, CNBC, 3 Sep. 2026

Word History

First Known Use

1951, in the meaning defined above