gross national product

noun

: the total value of the goods and services produced by the residents of a nation during a specified period (such as a year)

Examples of gross national product in a Sentence

Recent Examples on the Web
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Separately, Popular’s banking arm is also poised to benefit from the economic effect of federal stimulus disbursements worth roughly 8% of the island’s gross national product over the next decade, Braziler said. Liz Napolitano, CNBC, 22 Sep. 2025 Why Are Indian Tourists Particularly Prized In The Global Tourism Arena? With nearly 1.5 billion people, India has the world’s largest population and the fourth-largest economy, with a gross national product of $4.2 trillion, according to the International Monetary Fund. Suzanne Rowan Kelleher, Forbes.com, 18 Sep. 2025 Unfortunately, this is a different era, with the state confronting its own $3 billion budget deficit and pension shortfall and debt obligations exceeding $220 billion, close to the gross national product of Greece. Chicago Tribune, 20 Jan. 2025 First, do conventional measures of growth, such as the change in a country’s gross national product, omit key aspects of collective social welfare, such as environmental quality and income inequality? Foreign Affairs, 14 Jan. 2025 See All Example Sentences for gross national product

Word History

First Known Use

1923, in the meaning defined above

Time Traveler
The first known use of gross national product was in 1923

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Cite this Entry

“Gross national product.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/gross%20national%20product. Accessed 3 Oct. 2025.

Kids Definition

gross national product

noun
: the total value of the goods and services produced in a nation during a year

Legal Definition

gross national product

noun
: the total value of the goods and services produced by the residents of a nation during a specified period (as a year)

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