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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Russian gross domestic product growth rebounded strongly after a period of sharp contraction across 2022 and early 2023, but fell to 1.4% in the first quarter 2025 from 4.5% at the end of last year.
—
Jenni Reid, CNBC, 6 June 2025
In addition, the tariffs would shrink the economy, or reduce the rate of the gross domestic product by 0.06 percentage points per year.
—Arkansas Online, 5 June 2025
Moody’s Analytics is more pessimistic about the effects of tariffs on the economy, predicting the nation’s gross domestic product will be 1% smaller, rather than 0.6%, because of the import fees.
—Riley Beggin, USA Today, 4 June 2025
By contrast, Goldman Sachs expects U.S. gross domestic product to expand by more than 3% in the second quarter.
—Steve Kopack, NBC news, 4 June 2025
See All Example Sentences for gross domestic product
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Jenni Reid, CNBC, 6 June 2025
In addition, the tariffs would shrink the economy, or reduce the rate of the gross domestic product by 0.06 percentage points per year.
—Arkansas Online, 5 June 2025
Moody’s Analytics is more pessimistic about the effects of tariffs on the economy, predicting the nation’s gross domestic product will be 1% smaller, rather than 0.6%, because of the import fees.
—Riley Beggin, USA Today, 4 June 2025
By contrast, Goldman Sachs expects U.S. gross domestic product to expand by more than 3% in the second quarter.
—Steve Kopack, NBC news, 4 June 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 9 Jun. 2025.
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