gross domestic product


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Related to gross domestic product: GDP Growth Rate, Real 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 ?
The gross domestic product of the United States is equal to the total market value of all goods and services produced within the country's borders over the course of one year.
The fall of Bulgaria's gross domestic product (GDP) slowed to 3.
The result has been a quadrupling of the gross domestic product since 1978.
Every dollar added to construction adds $2 to the Gross Domestic Product, including $500 million in new manufacturing orders and $500 million spread through other sectors of the economy.

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