gross domestic product

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gross domestic product

n. Abbr. GDP
The total market value of all the goods and services produced within the borders of a nation during a specified period.

gross domestic product

n
(Economics) the total value of all goods and services produced domestically by a nation during a year. It is equivalent to gross national product minus net investment incomes from foreign nations. Abbreviation: GDP

gross′ domes′tic prod′uct


n.
gross national product excluding payments on foreign investments. Abbr.: GDP

gross domestic product

Total value of all goods and services produced domestically annually by a country and is equal to gross national product less receipts from investment incomes from abroad.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.gross domestic product - the measure of an economy adopted by the United States in 1991; the total market values of goods and services produced by workers and capital within a nation's borders during a given period (usually 1 year)
value - the quality (positive or negative) that renders something desirable or valuable; "the Shakespearean Shylock is of dubious value in the modern world"
Translations
Bruttoinlandsprodukt
Produto interno bruto

gross domestic product

nprodotto interno lordo
References in periodicals archive ?
Statisticians stress that the data about GDP per capita can be overrated in the region where it is created (Skopje region) or underrated in the region that the workforce originates comes from.
However, when rates are analyzed in relation to each country's GDP per capita, the Gulf countries and Libya lead the pack, according to an Arab Advisors Group press statement.
When GDP per capita is measured against a UK average of 100, Newcastle scores 93 and Northumberland 68.
The United States currently has a GDP per capita of $38,000.
The UN Human Development Index of 175 countries is based on a combination of life expectancy at birth, adult literacy rates, primary and secondary school enrollment, and annual GDP per capita (PPP in US$).
In terms of national wealth, China has a low Gross Domestic Product per capita ($1,838) compared with a high GDP per capita ($23,220) in the U.
A study contained in the 1997 Index looked at the growth rates of real GDP per capita between 1980 and 1993 for 138 countries.
5mn by 2016, GDP per capita is forecast to rise to US$60,166 by the end of the forecast period.
Nominal GDP per capita may be a poor proxy for wage differences, but it provides at least a rough idea: at $1,100 it is just 2.
The figures: EU 25 nations, GDP per capita in PPS Luxembourg - 215, Ireland - 133, Denmark - 123, Austria - 122, Netherlands - 121, UK - 118, Belgium - 118, Sweden - 115, Finland - 113, France - 111, Germany - 108, Italy - 107, Spain - 98, Cyprus - 83, Greece - 81, Slovenia - 77, Malta - 75, Portugal - 74, Czech Republic- 69, Hungary - 61, Slovakia - 52, Estonia - 49, Lithuania - 46, Poland - 46 and Latvia - 41.
In addition, there has been a dramatic drop in poverty levels in China where the GDP per capita increased by five times since 1981 and the number of the extremely poor fell from 64 per cent to 17 per cent.
is the poorest country in the Americas; its GDP per capita is little more than $500.