In economics, a country's GDP is the total value of goods and services produced within a country in a year, not including its income from investments in other countries. GDP is an abbreviation for 'gross domestic product'. Compare GNP.
GDP in British English
or gdp
abbreviation for
gross domestic product
gross domestic product in British English
noun
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
GDP in American English
gross domestic product
GDP in Finance
(dʒi di pi) or gross domestic product
abbreviation
(Finance: Economics)
GDP is the total value of all the goods and services that a country produces or provides in a particular year, not including income from investments in other countries.
In the first quarter, GDP grew at an annual rate of more than 5 percent on the back of strong domestic demand.
It has taken an incredible amount of debt and money to obtain GDP growth over the past decade.
GDP is the total value of all the goods and services that a country produces or providesin a particular year, not including income from investments in other countries.
Related wordsCompare GDP with GNP, which is the total value of all the goods and services that a country produces orprovides in a particular year, including income from investments in other countries.
In other languages
GDP
British English: GDP NOUN
In economics, a country's GDP is the total value of goods and services produced within a country in a year, not including its income from investments in other countries. GDP is an abbreviation for 'gross domestic product'.
American English: GDP
Brazilian Portuguese: PIBabreviação de "produto interno bruto"
Chinese: 国内生产总值
European Spanish: PNB
French: PIB
German: BIP
Italian: PIL
Japanese: 国内総生産
Korean: 국내 총생산
European Portuguese: PIBabreviação de "produto interno bruto"