gross domestic product

noun

: the gross national product excluding the value of net income earned abroad

Examples of gross domestic product in a Sentence

Recent Examples on the Web
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Those companies now contribute 7% of the UAE’s gross domestic product and crypto specifically accounts for 15% of Dubai’s foreign direct investment. Leigh Cuen, Forbes.com, 18 Apr. 2025 The state’s gross domestic product was 77.91% for the same ten-year period, earning the state the 9th spot. Kim Jarrett | The Center Square, The Washington Examiner, 18 Apr. 2025 California contributes massively to America’s overall financial standing, with a gross domestic product (GDP) of $3.9 trillion in 2023 (50 percent larger than the GDP of Texas, the second largest state). Kate Nishimura, Sourcing Journal, 16 Apr. 2025 The Tax Foundation estimated in a Friday report that Trump’s tariffs will increase annual government revenue as a share of gross domestic product by 0.56 percent, the biggest increase since Clinton signed the 1993 tax hike. Alexander Bolton, The Hill, 13 Apr. 2025 See All Example Sentences for gross domestic product

Word History

First Known Use

1951, in the meaning defined above

Time Traveler
The first known use of gross domestic product was in 1951

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Cite this Entry

“Gross domestic product.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/gross%20domestic%20product. Accessed 22 Apr. 2025.

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