NOUN
- 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)
How To Use gross domestic product In A Sentence
- Once the figures were fed into the ONS mincer, construction made up almost a third of growth in gross domestic product (GDP). Construction gives UK economic recovery an unstable foundation
- The gross domestic product of most industrial countries dropped by about 30 per cent. Times, Sunday Times
- The Arab countries devote the highest percentage of gross domestic product in the world to arms.
- We question simplistic quantitative measures-based on Gross Domestic Product-of which countries are to qualify for debt cancellation.
- Last week's revised gross domestic product figures for the first quarter were a shocker, showing growth down from 2.7% to 2.1%.
- It is the number one followed by 12 noughts; a trillion pounds is roughly equivalent to the combined gross domestic product of the world's 155 least wealthy nations.
- The gross domestic product of most industrial countries dropped by about 30 per cent. Times, Sunday Times
- The country has been struggling with an economic crisis marked by chronic budget deficits and a national debt that is 116 percent of gross domestic product.
- Dini said inflation was kept to a moderate pace during the year, even as gross domestic product rose 3 percent.
- Its debt has doubled to a huge 195% of gross domestic product since then. Times, Sunday Times
