economics
gdp
Gross Domestic Product — the total monetary value of all goods and services produced in a country during a specific period.
Example
"The country's GDP grew by 3% last year, signaling a healthy economy."
💡 Memory Tip
GDP = Gross Domestic Product. Gross = total. Domestic = at home. Product = what's made.
Etymology
Gross (total) + Domestic (within the country) + Product (output) — the total output of a nation.
Common Misspellings
GDPg.d.p.GDBGPD
Related Terms
See Also
economic growthGNP