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 conflict was costly, about $32 billion, or about half of that era’s gross national product, according to the National Bureau of Economic Research. USA Today, "100 years ago, Philadelphia chose a parade over social distancing during the 1918 Spanish flu – and paid a heavy price," 22 May 2020 Economic loss could rise to $7 billion, more than half of the country’s gross national product. Andrea Sachs, Washington Post, "After Hurricane Dorian, one Bahama island is ready for the winter rush," 8 Nov. 2019 Economic loss could rise to $7 billion, more than half of the country's gross national product. Andrea Sachs, chicagotribune.com, "In the Bahamas, a hard-hit island beckons again," 8 Nov. 2019 Earlier this month, the official Statistical Center of Iran disclosed that Iran’s gross national product declined by nearly 8 percent between March and December of 2019. Ilan Berman, National Review, "In Iran, an Electoral Flop," 26 Feb. 2020 The limit gets adjusted every year, based on the change in gross national product. Kate Cox, Ars Technica, "Feds launch a probe into Big Tech’s smallest acquisitions," 13 Feb. 2020 The country was indisputably the world’s strongest military power, the gross national product grew from $200 billion to more than $500 billion between 1945 and 1960, and an average of 4 million babies were being born per year. Brianna Holt, Quartz, "The catchphrase of 2019 has a glaring blindspot," 26 Dec. 2019 Economic loss could rise to $7 billion, more than half of the country’s gross national product. Andrea Sachs, Houston Chronicle, "In the Bahamas, a hard-hit island beckons again," 15 Nov. 2019 The study discusses three policy scenarios that could lower CO2-related pollutants and their costs as a fraction of China's gross national product. John Fialka, Scientific American, "Reducing China’s CO2 Emissions Would Curb Deadly Air Pollution in the U.S.," 26 July 2019

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.

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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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Statistics for gross national product

Last Updated

7 Jun 2020

Cite this Entry

“Gross national product.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/gross%20national%20product. Accessed 6 Aug. 2020.

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More Definitions for gross national product

gross national product

noun

English Language Learners Definition of gross national product

: the total value of the goods and services produced by the people of a nation during a year

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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