gross national product

noun

: 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 Advertisement Remittances to Mexico — almost all from the United States — have more than doubled during the last decade, totaling a record $58.5 billion in 2022, or 4.32% of the country’s gross national product, according to the World Bank. Patrick J. McDonnell, Los Angeles Times, 5 Sep. 2023 The tourism industry in Puerto Rico is estimated to employ over 63,500 people and earns 7 percent of the island’s gross national product. Madison Roberts, Peoplemag, 2 Aug. 2023 An analysis issued last year by the British Columbia Chamber of Commerce estimated that the company provided nearly 13,000 jobs in the province and $4.6 billion to its gross national product. Jim Robbins, New York Times, 11 July 2023 Overall, if the root causes of health issues like obesity were addressed, then less of our gross national product would be spent on the diseases that these preconditions cause. Shakeel Ahmed, Forbes, 10 Jan. 2023 The authors looked at many environmental and historical factors (and adjusted for countries' per-capita gross national product, since many of these factors are also tied to the wealth of a country). Elizabeth Preston, Discover Magazine, 3 June 2011 At the same time, the Dominican Republic’s gross national product is 3% to 5% annually, driven in considerable measure by its tourism industry. Ken Silverstein, Forbes, 3 Oct. 2022 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 See More

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'gross national product.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

First Known Use

1923, in the meaning defined above

Time Traveler
The first known use of gross national product was in 1923

Dictionary Entries Near gross national product

Cite this Entry

“Gross national product.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/gross%20national%20product. Accessed 28 Feb. 2024.

Kids Definition

gross national product

noun
: the total value of the goods and services produced in a nation during a year

Legal Definition

gross national product

noun
: 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

Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!