Skip to main content
Glite Dictionary
GDP

GDP

336 3.9
Total value of all goods and services made in a country in a year
  • noun
  • /ˌdʒiːdiːˈpiː/
  • Specialized
translation icon : PIB
  • Many economists analyze GDP to assess the health of a country's economy.
  • GDP (gross domestic product)
  • GDP per capita
  • percent of GDP

And they invest a huge amount of their GDP into the military.

Autoplay Next

Examples

  • And they invest a huge amount of their GDP into the military.

    Lex Fridman

  • You know what percentage of GDP London creates for the whole country?

  • We could say what is the GDP of France, for example?

  • We saw the figures this morning for GDP growth in Scotland.

  • That is why debt to GDP ratio is so important, right?

  • We control for the GDP of the country.

  • It's the biggest part of the GDP of Denmark.

  • Over the same period, their combined GDP grew by around 55 percent.

    Academic text (2011)

  • Recovery is when the GDP is expanding.

    Megyn Kelly

  • According to the United States Trade Representative, 68% of U.S. GDP is accounted for by services.

    Academic text (1990)

Synonyms

gross domestic product
vsGDP
  • Specialized
24 3.5

The total value of goods and services produced in a country in a year

has identical meaning but is the abbreviated written form

Surface Forms

GDP singular
GDPs plural

Morphology

GDP = Gross Domestic Product (opaque) = G + D + P

GDP is an initialism formed from the initial letters of a multiword phrase; the letters are not meaningful morphemes for learners.

Etymology

GDP stands for Gross Domestic Product, where gross means 'total', domestic means 'at home' or 'inside the country', and product means 'things made or services offered'. So GDP is the number that measures the total value of everything a country makes in a year and shows how big its economy is.