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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Mark Zandi, chief economist at Moody's Analytics, said tariff revenue could exceed $300 billion by the end of 2025, which would amount to nearly 1% of U.S. gross domestic product. Max Zahn, ABC News, 19 July 2025 President Donald Trump’s efforts to deport millions of immigrants could likely result in a hit to the U.S. labor force that would shrink the country’s gross domestic product, new data shows. Christiaan Hetzner, Fortune, 15 July 2025 Nvidia is worth more than the United Kingdom’s $3.9 trillion gross domestic product last year. Derek Saul, Forbes.com, 9 July 2025 Taken together, the trade imbalances with those seven countries are essentially a rounding error in a U.S. economy with a gross domestic product of $30 trillion. Josh Boak, Chicago Tribune, 9 July 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 29 Jul. 2025.

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