gross domestic product
noun
: the gross national product excluding the value of net income earned abroad
Examples of gross domestic product in a Sentence
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While international goods trade is a significant component of Michigan’s economy (nearly 42% of gross domestic product last year), only a small percentage of that — less than 5% — was with China, Cohn said in an email.
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Adrienne Roberts, Freep.com, 11 July 2025
The state’s gross domestic product grew by a healthy 3.7% last year, the fifth-strongest in the country.
—Scott Cohn, CNBC, 10 July 2025
The study reported that data centers contributed almost 4.7 million annual jobs, $404 billion in annual labor income and $727 billion in gross domestic product value in 2023.
—Karoline Leonard, Austin American Statesman, 2 July 2025
The Joint Committee on Taxation (JCT), Congress’s official tax scorer, predicted the House version of the bill would increase the average annual growth rate of real gross domestic product (GDP) by 0.03 percentage points, from 1.83 to 1.86 percent, through 2034.
—Tobias Burns, The Hill, 26 June 2025
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Adrienne Roberts, Freep.com, 11 July 2025
The state’s gross domestic product grew by a healthy 3.7% last year, the fifth-strongest in the country.
—Scott Cohn, CNBC, 10 July 2025
The study reported that data centers contributed almost 4.7 million annual jobs, $404 billion in annual labor income and $727 billion in gross domestic product value in 2023.
—Karoline Leonard, Austin American Statesman, 2 July 2025
The Joint Committee on Taxation (JCT), Congress’s official tax scorer, predicted the House version of the bill would increase the average annual growth rate of real gross domestic product (GDP) by 0.03 percentage points, from 1.83 to 1.86 percent, through 2034.
—Tobias Burns, The Hill, 26 June 2025
See All Example Sentences for gross domestic product
Cite this Entry
“Gross domestic product.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/gross%20domestic%20product. Accessed 21 Jul. 2025.
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