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gross domestic product

   Also found in: Medical, Financial, Acronyms, Encyclopedia, Wikipedia, Hutchinson 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)
GDP
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 n → prodotto interno lordo
gross domestic product n → prodotto interno lordo


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The "Celtic Tiger", as Ireland is known in financial circles, boasts a vibrant, globalized economy with the second highest Gross Domestic Product per capita in the European Union, topped only by Luxembourg.
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As Johnny Munkhammar of the libertarian Swedish think tank Timbro documents in European Dawn: After the Social Model, government spending as a percentage of gross domestic product fell in most developed countries between 1993 and 2003.
Goodbye to big government? by Gillespie, Nick / Reason
Chapman's index takes stock of gross domestic product values, exports, state construction spending and the Standard & Poor's 500.
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