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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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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 After decades of handily outperforming the nation, Minnesota’s lead in gross domestic product per capita is slipping, said Sean O’Neil, senior director of economic development and research for the Minnesota Chamber Foundation. Mars King, Twin Cities, 23 Nov. 2025 For reference, the half-trillion to be spent on AI next year would be roughly equivalent to the gross domestic product of Singapore. ABC News, 22 Nov. 2025 Japan also plans to establish a 10-year fund to enhance its shipbuilding capabilities, and enact measures to raise defense spending to 2% of its gross domestic product by fiscal year 2027. Lim Hui Jie, CNBC, 21 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 27 Nov. 2025.

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