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 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 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, 22 May 2020 Economic loss could rise to $7 billion, more than half of the country’s gross national product. Andrea Sachs, Washington Post, 8 Nov. 2019 Economic loss could rise to $7 billion, more than half of the country's gross national product. Andrea Sachs, chicagotribune.com, 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, 26 Feb. 2020

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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Dictionary Entries Near gross national product

grossen

Grossflöte

Grossglockner

gross national product

grosso modo

gross-out

gross out

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Cite this Entry

“Gross national product.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/gross%20national%20product. Accessed 26 Jul. 2021.

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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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