gross domestic product


Also found in: Thesaurus, Medical, Financial, Acronyms, Encyclopedia, Wikipedia.
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 ?
Together, they have nearly a third of the world's gross domestic product.
2 percent of our total gross domestic product (GDP) flowing from our arts and culture sector in 2011.
Dubai: Dubai's gross domestic product expanded the most in five years in 2012 as the emirate, whose economy collapsed after the global credit crisis, rebounded on hotel and restaurant activities.
The bank said that Turkey's gross domestic product growth next year would be 0.
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.
TOKYO - Finance Minister Kaoru Yosano on Wednesday warned of further downside risks to the Japanese economy due to the deteriorating job market after government data showed the fastest ever contraction in the nation's gross domestic product in the January-March quarter.
The CBO report estimates by 2082 overall health spending would equal 49 percent of the gross domestic product.
Gross domestic product measures the value of all goods and services produced within the United States and is considered the best barometer of the country's economic standing.
5 percent of their gross domestic product to R & D, almost a full percentage point more than the total U.
High oil prices continue to be good news for Latin America, especially for countries like Venezuela, where oil exports account for more than a quarter of gross domestic product (GDP).
The thirty-fourth issue of this report contains national economics statistics for over 200 countries, including estimates of the gross national product and per capital gross domestic product (in US dollars) by major area, region and country, gross domestic product by type of expenditure and by kind of economic activity, growth rates of main national accounting aggregates at constant prices of 1990, and implicit price deflators of gross national product.

Full browser ?