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.

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 ?
Fitch points out that Slovakia now has the highest retail credit-to-GDP ratio in central and eastern European region, and credit is continuing to rise faster than nominal GDP growth.
Eighteen months ago, it was obvious to most observers that the economy, measured by nominal GDP, was not going to go much lower than 3% and that the Fed was having second thoughts about quantitative easing," but the bond market wasn't priced for that, writes Gross.
The share of HFCE in the nominal GDP was estimated at 25.
Summary: Nominal GDP in Azerbaijan in AZN terms was up 10.
The table showing estimates of the debt-to-GDP ratios was revised to reflect calculations using nominal GDP instead of previously used real (constant) GDP.
The country's nominal GDP for 2015 is mostly unchanged from levels in 1995 even as the US nominal GDP grew by more than 130 percent, reports the Economist.
The world's third-largest economy now expects nominal GDP of 551 trillion yen in the fiscal year beginning in April 2020 assuming the current pace of growth, the Cabinet Office said.
9% of its nominal GDP was generated by an increasingly diverse non-oil sector in 2015.
One involves a commitment to target a macroeconomic variable such as inflation, or nominal GDP, at a specified rate of growth.
It has focused on real GDP growth; but decided to put as much focus on nominal GDP from next year as part of efforts to discontinue the country's lower inflation trend.
In particular, it considers whether the baseline projections for nominal GDP growth exceed the rate of nominal GDP growth required to finance expected growth in public spending.
It will be the sixth time since 1980 that global nominal GDP contracts in dollar terms and the second biggest contraction since 2009," economists at Bank of America Merrill Lynch, or BofAML, said in the latest Global Economic Weekly.