gross domestic product
noun
: the gross national product excluding the value of net income earned abroad
Examples of gross domestic product in a Sentence
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Join 179 others in the comments View Comments The ratio of federal debt to gross domestic product, or the total value of goods and services produced in the economy, was 123% in 2024, up from 104% in 2017, according to the Treasury Department.
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John Towfighi, CNN Money, 21 May 2025
The Swiss government has expressed concerns that instability or an outright default at UBS — whose balance sheet is nearly double the country’s gross domestic product — could destabilize Switzerland’s financial system.
—Chloe Taylor,sawdah Bhaimiya,holly Ellyatt, CNBC, 20 May 2025
But a surge of imports ahead of Trump’s tariffs likely clouded the figure, since the calculation subtracts imports in an effort to exclude foreign production from the calculation of gross domestic product.
—Max Zahn, ABC News, 16 May 2025
These factors intensified long-standing constraints on defense spending, which had failed to keep up with inflation for much of the 2000s and remained far below the NATO norm of 2% of annual gross domestic product.
—Mark I. Vail, The Conversation, 16 May 2025
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John Towfighi, CNN Money, 21 May 2025
The Swiss government has expressed concerns that instability or an outright default at UBS — whose balance sheet is nearly double the country’s gross domestic product — could destabilize Switzerland’s financial system.
—Chloe Taylor,sawdah Bhaimiya,holly Ellyatt, CNBC, 20 May 2025
But a surge of imports ahead of Trump’s tariffs likely clouded the figure, since the calculation subtracts imports in an effort to exclude foreign production from the calculation of gross domestic product.
—Max Zahn, ABC News, 16 May 2025
These factors intensified long-standing constraints on defense spending, which had failed to keep up with inflation for much of the 2000s and remained far below the NATO norm of 2% of annual gross domestic product.
—Mark I. Vail, The Conversation, 16 May 2025
See All Example Sentences for 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 28 May. 2025.
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