gross domestic product

noun

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

Examples of gross domestic product in a Sentence

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The third reading of real gross domestic product is due. Jason Gewirtz, CNBC, 25 June 2026 The prices are high enough that health care spending represents 18% of the nation’s gross domestic product. Daniel De Visé, USA Today, 5 July 2026 Once shipped, the products are included in gross domestic product (GDP) calculations. Doug Ashburn, Encyclopedia Britannica, 26 June 2026 Other sectors supporting the states gross domestic product are professional service at 17% and information at 15%. Sacbee.com, 7 July 2026 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 9 Jul. 2026.

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