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gross domestic product
(redirected from Gross domestic produce)

   Also found in: Financial, Encyclopedia, Wikipedia 0.01 sec.
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
ThesaurusLegend:  Synonyms Related Words Antonyms
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
gross domestic product nprodotto interno lordo


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The country's tourism industry, which represents 25 per cent of Malta's gross domestic produce, has a capacity of 40,000 beds - half of them are of the four- and five-star category.
But with increasing number of people choose for small businesses and the entrepreneurial plan being foster by governments worldwide, these businesses have to come to represent a large part of the gross domestic produce of countries worldwide.
With a turnover of about US$ 30 billion the Indian chemicals industry is one of the fastest growing sectors in India contributing about 3 per cent to the nations Gross Domestic Produce (GDP).
 
 
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