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gross domestic product
(redirected from Nominal GDP)

   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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Despite the GDP growth in real terms, nominal GDP fell an annualized 0.
Much of the package instead focused on large infrastructure projects that bring in quick nominal GDP growth, they said.
The majority of the headline figures, including nominal GDP (gross domestic product), and the fiscal and current account, will see an improvement," the Dubai-based bank said.
 
 
 
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