gross domestic product• Investment was sharply down and was estimated to represent only 9 percent of gross domestic product.• Potentialoutput is that rate of gross domestic product which would result if all resources were fully employed.• Our gross domestic product was literally heavy, for it was dominated by coal, steel, iron, and grains.• An inflationmeasurelinked to the gross domestic product had its smallest rise since 1964.• The gross domestic product annually grew, on average, 9. 8 % from 1987 to 1995.• The government will release a preliminary estimate of full-year gross domestic producttomorrow.
From Longman Business Dictionary
gross domestic productˌgross doˌmestic ˈproductabbreviation GDP noun [singular, uncountableU]
ECONOMICS the totalvalue of goods and services produced in a country’s economy, not including income from abroad
Canada’s annual growth in gross domestic product declined to about 1%.