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gross domestic product |
Also found in: Financial, Encyclopedia, Wikipedia, Hutchinson | 0.02 sec. |
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
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Their gross domestic products are much smaller than you'd expect, for economies of their size. Note: Table made from pie chart WEALTHIEST AND POOREST NATIONS Highest and lowest gross domestic products per capita (*) HIGHEST (IN U. Interestingly, although both the United States and Australia collect an almost identical portion of their respective gross domestic products (GDPs) as taxes (not quite 30%), healthcare expenditures in the United States are much higher (13. |
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