gross domestic product

(redirected from Gross domestic produce)
Also found in: Thesaurus, Financial, Encyclopedia.
Related to Gross domestic produce: Real GDP Growth Rate, GDP Growth Rate

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 ?
Martin Beck, lead UK economist at Oxford Economics, said: "Global economic uncertainty, falling commodity prices and a slackening in growth in gross domestic produce and wages meant that the MPC's decision to keep policy on hold in January was a no-brainer.
KARACHI -- Standardisation is an answer to reducing trade deficit and it provides a common platform for fair competition amongst producers and manufacturers of different segments of gross domestic produce of the country, says Engr.
Pakistan spends around two per cent of its gross domestic produce (GDP) on education, placing the country 113th amongst 120 countries on the education development index.

Full browser ?