gross national product

noun

Definition of gross national product

: the total value of the goods and services produced by the residents of a nation during a specified period (such as a year)

Examples of gross national product in a Sentence

Recent Examples on the Web The nation’s gross national product doubled between 1940 and 1945, and unemployment, the scourge of the Great Depression, virtually disappeared. David Oshinsky, WSJ, 29 July 2022 The gas subsidies, which amount to nearly 2 percent of the country’s gross national product, are starving other sectors of the economy, according to Andrés Albuja, an economic analyst. New York Times, 2 July 2022 By 1968, Japan was rich, second only to the United States in gross national product, and one of the most polluted countries on earth. New York Times, 23 Nov. 2021 About 40 percent of Fiji's gross national product (GNP) comes from the tourism industry. Lilit Marcus, CNN, 14 Sep. 2021 That amounted to 4% of Mexico’s gross national product. Wendy Fry, San Diego Union-Tribune, 10 Mar. 2021 Briefly, Laffer forecast a level for the gross national product of $1,065 billion for 1971. Bruce Bartlett, The New Republic, 8 Feb. 2021 The heavyweights might demand to use oxygen between rounds, and Alvarez might refuse to fight unless he is made king of Mexico, with a percentage of the country’s gross national product. Bill Dwyre, Los Angeles Times, 27 Nov. 2020 More than 700,000 people in Spain make their living in some aspect of the music industry, which represents 3.2% of the gross national product, according to APM, the Spanish Association of Musical Promoters. Judy Cantor-navas, Billboard, 1 Oct. 2020 See More

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'gross national product.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

First Known Use of gross national product

1923, in the meaning defined above

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Time Traveler for gross national product

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The first known use of gross national product was in 1923

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Dictionary Entries Near gross national product

Grossglockner

gross national product

grosso modo

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Statistics for gross national product

Last Updated

11 Aug 2022

Cite this Entry

“Gross national product.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/gross%20national%20product. Accessed 7 Oct. 2022.

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More Definitions for gross national product

gross national product

noun

Legal Definition of gross national product

: the total value of the goods and services produced by the residents of a nation during a specified period (as a year)

More from Merriam-Webster on gross national product

Britannica.com: Encyclopedia article about gross national product

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