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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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Between 2017 and 2021, Maduro’s government experienced a cycle of unprecedented hyperinflation and accumulated a drop in gross domestic product of close to 80 points in its first seven years in office. Miami Herald, 1 Dec. 2025 Major stock indexes also rebounded quickly from the early 2020 crash and went on to hit new highs, buoyed by a massive federal stimulus and a fast economic recovery, as measured by gross domestic product. Mike Winters, CNBC, 30 Nov. 2025 The budget will be allocated over eight years, from 2026 to 2033, and comes after Lai already pledged to raise defense spending to 5% of the island's gross domestic product, as part of his strategy amid China's threats of invasion. Taijing Wu and Huizhong Wu The Associated Press, Arkansas Online, 27 Nov. 2025 And gross domestic product, which captures all the goods and services produced in the economy, has stayed robust. Bryan Mena, CNN Money, 23 Nov. 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 Dec. 2025.

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