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 ?
He said European Union was the largest economy in the world with a GDP per head of pound 25 000 for its 500 million consumers.
He said that European Union is the largest economy in the world with a GDP per head of pound 25 000 for its 500 million consumers besides this it is the most open to developing countries and imported more from developing countries than the USA, Canada, Japan and China put together.
5 per cent, GDP per head was $1,661, inflation was at 3.
An obvious outcome of these is reflected in GDP per head of the three countries.
Despite having the highest GDP per head, the UAE ranks last, while Ethiopia, the poorest country in the FSI, ranks a respectable 12th.
Swindon saw the biggest relative decline across the UK - going from having a GDP per head which was 126% above the European average in 2001, to just 45% above in 2014.
In the five years since 2010, Scotlands GDP growth is in line with the UK average and Scotlands GDP per head growth is above the UK average, when London is excluded.
The Bank of England's chief economist Andy Haldane outlined in a recent paper on productivity, that the UK's living standards, as measured by GDP per head, have risen roughly 20-fold since 1850 but would have only doubled if productivity had flat-lined in that period.
While the Philippines has a strong projected gross domestic product growth, he said the EU 'is the largest economy in the world with a GDP per head of pound 33 000 for its 500 million consumers.
6% between the second and third quarters 2015, while GDP per head in volume terms was estimated to have grown by 0.
SIR - I read that Inner London's GDP per head was 328% of the European Union average in 2010, compared with 70% in West Wales - the biggest gap in any EU state, said the European Commission's statistics agency, Eurostat.
I read today the following, Inner London's GDP per head was 328% of the European Union average in 2010, compared with 70% in west Wales - the biggest gap in any EU state, said the European Commission's statistics agency Eurostat.