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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Household consumption still accounts for only about 40% of gross domestic product, far below advanced-economy norms. Shaoyu Yuan, The Conversation, 5 Nov. 2025 Federal Reserve Chair Jerome Powell last week explained why Americans don’t care about metrics that politicians like to cite, including strong spending or gross domestic product booms. David Goldman, CNN Money, 4 Nov. 2025 The Congressional Budget Office warned earlier this week that the closure has already wiped out at least $7 billion in gross domestic product by the end of next year. Alex Harring, CNBC, 31 Oct. 2025 Hurricane Beryl, a Category 4 storm that passed by Jamaica last year, had an impact on two quarters of Jamaica’s gross domestic product performance and dragged down growth, Holness said. Matt Nighswander, NBC news, 29 Oct. 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

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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 7 Nov. 2025.

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