gross domestic product

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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.
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014

gross′ domes′tic prod′uct


n.
gross national product excluding payments on foreign investments. Abbr.: GDP
Random House Kernerman Webster's College Dictionary, © 2010 K Dictionaries Ltd. Copyright 2005, 1997, 1991 by Random House, Inc. All rights reserved.

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.
Dictionary of Unfamiliar Words by Diagram Group Copyright © 2008 by Diagram Visual Information Limited
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"
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
Translations
Bruttoinlandsprodukt
Produto interno bruto

gross domestic product

nprodotto interno lordo
Collins Italian Dictionary 1st Edition © HarperCollins Publishers 1995
References in periodicals archive ?
As a result, growth in real GDP per head will be much slower than growth in real GDP.
Venezuela, once South America's richest country and which in 1970 had a GDP per head higher than Spain, already challenges that.
It is really sad to know that despite higher GDP per head than America, Arab-oil-rich countries are far less advanced in modern technology than other lower wealthy states.
We estimate that a scenario where the UK is unable to replace the existing trade deals will lead to a long-term annual loss in GDP per head of up to 2,000 [pounds sterling], or close to 6 per cent, relative to the baseline.
He said European Union was the largest economy in the world with a GDP per head of pound 25 000 for its 500 million consumers.
He said that European Union is the largest economy in the world with a GDP per head of pound 25 000 for its 500 million consumers besides this it is the most open to developing countries and imported more from developing countries than the USA, Canada, Japan and China put together.
Pakistan's gross domestic product (GDP) growth was 5.5 per cent, GDP per head was $1,661, inflation was at 3.
GDP per head. An obvious outcome of these is reflected in GDP per head of the three countries.
Despite having the highest GDP per head, the UAE ranks last, while Ethiopia, the poorest country in the FSI, ranks a respectable 12th.
Swindon saw the biggest relative decline across the UK - going from having a GDP per head which was 126% above the European average in 2001, to just 45% above in 2014.
The Bank of England's chief economist Andy Haldane outlined in a recent paper on productivity, that the UK's living standards, as measured by GDP per head, have risen roughly 20-fold since 1850 but would have only doubled if productivity had flat-lined in that period.