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 includes a reading of the second-quarter gross domestic product on Thursday as well as the latest personal consumption expenditures price index on Friday. Samantha Subin,sophie Kiderlin, CNBC, 22 July 2024 Revenues from the Suez Canal account for roughly 2 percent of Egypt’s gross domestic product and are an important source of foreign currency. Glenn Taylor, Sourcing Journal, 22 July 2024 The source: My trusty spreadsheet peeked at state-by-state gross domestic product, a broad measure of business output tallied by the Bureau of Economic Analysis. Jonathan Lansner, Orange County Register, 19 July 2024 That event led to the NATO pledge for each member state to commit to spending 2 percent of gross domestic product on domestic defense spending, a goal that Stoltenberg announced will be reached by 23 of NATO’s 32 member states in 2024. Laura Kelly, The Hill, 9 July 2024 See all Example Sentences for gross domestic product 

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'gross domestic product.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

First Known Use

1951, in the meaning defined above

Time Traveler
The first known use of gross domestic product was in 1951

Dictionary Entries Near gross domestic product

Cite this Entry

“Gross domestic product.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/gross%20domestic%20product. Accessed 27 Jul. 2024.

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