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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In Oaxaca, home to more than 4 million people, residents collectively received $2.9 billion in remittances in 2022 — equal to about 12% of the state’s gross domestic product, according to the Bank of Mexico and government figures.
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Xavier Martinez, Los Angeles Times, 26 Apr. 2024
Thursday’s report from the Commerce Department said the gross domestic product — the economy’s total output of goods and services — decelerated in the January-March quarter from its brisk 3.4% growth rate in the final three months of 2023.
—Paul Wiseman, Fortune, 25 Apr. 2024
See all Example Sentences for gross domestic product 
Xavier Martinez, Los Angeles Times, 26 Apr. 2024
Thursday’s report from the Commerce Department said the gross domestic product — the economy’s total output of goods and services — decelerated in the January-March quarter from its brisk 3.4% growth rate in the final three months of 2023.
—Paul Wiseman, Fortune, 25 Apr. 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.
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“Gross domestic product.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/gross%20domestic%20product. Accessed 4 May. 2024.
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