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.
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 ?
"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."
By comparison, South Korea spends 13.8% of its gross domestic product on insurance, and for other developing Asian countries, dollars spent on insurance account for 2% to 5% of gross domestic product.
Gross domestic product at market prices 7 273.7 7 430.4 7 792.8

Full browser ?