Gross Domestic Product

Gross Domestic Product
The value of all final goods and services produced by an economy over a particular time period, normally a year. Chicago Board of Trade glossary

* * *

gross domestic product ˌgross doˌmestic ˈproduct abbreviation GDP noun [singular, uncountable]
ECONOMICS the total value 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%.

inˌflation-adˌjusted ˌgross doˌmestic ˈproduct ECONOMICS
gross domestic product after increases in prices are taken into account:

• Economists expect inflation-adjusted gross domestic product to edge upward by 0.5%.

per ˌcapita ˌgross doˌmestic ˈproduct ECONOMICS
the gross domestic product of a country divided by the number of people living there:

• The country's per capita gross domestic product has more than doubled in the last ten years.

* * *

   ► See GDP.

* * *

gross domestic product UK US noun [U] ECONOMICS
GDP(Cf. ↑GDP)
See also INFLATION-ADJUSTED GROSS DOMESTIC PRODUCT(Cf. ↑inflation-adjusted gross domestic product)

Financial and business terms. 2012.

Игры ⚽ Поможем написать реферат

Look at other dictionaries:

  • gross domestic product —  , gross national product  Gross domestic product is everything produced by a nation during a given period except earnings from overseas. Gross national product is everything produced by a nation during a given period including earnings from… …   Bryson’s dictionary for writers and editors

  • gross domestic product — gross domestic products N VAR A country s gross domestic product is the total value of all the goods it has produced and the services it has provided in a particular year. Syn: GDP …   English dictionary

  • gross domestic product — n. the total value of the annual output of goods and services produced within a nation s borders: it excludes the foreign output of domestic firms and includes the domestic output of foreign firms …   English World dictionary

  • gross domestic product — ► NOUN ▪ the total value of goods produced and services provided within a country during one year …   English terms dictionary

  • Gross domestic product — GDP redirects here. For other uses, see GDP (disambiguation). Not to be confused with Gross national product or Gross domestic income. CIA World Factbook 2005 figures of total nominal GDP (top) compared to PPP adjusted GDP (bottom) …   Wikipedia

  • gross domestic product — ( GDP) The market value of final goods and services produced over time including the income of foreign corporations and foreign residents working in the U.S., but excluding the income of U.S. residents and corporations overseas. Bloomberg… …   Financial and business terms

  • gross domestic product — noun the measure of an economy adopted by the United States in 1991; the total market values of goods and services produced by workers and capital within a nation s borders during a given period (usually 1 year) • Syn: ↑GDP • Hypernyms: ↑value *… …   Useful english dictionary

  • Gross Domestic Product — Produit intérieur brut Le produit intérieur brut (PIB) est un indicateur économique très utilisé, qui mesure le niveau de production d un pays. Il est défini comme la valeur totale de la production interne de biens et services dans un pays donné… …   Wikipédia en Français

  • Gross Domestic Product — GDP The total *value of a country’s economic output over a specified time period. Gross Domestic Product comprises the output of both goods and services, and *per capita GDP is often used as a ready measure of a country’s economic prosperity …   Auditor's dictionary

  • gross domestic product — bendrasis vidaus produktas statusas T sritis Gynyba apibrėžtis Valstybės gyventojų sukurtų prekių ir paslaugų vertė. atitikmenys: angl. gross domestic product šaltinis NATO mokymų ir pratybų finansavimo terminų žodynas AAP 43(1), 2009 …   Lithuanian dictionary (lietuvių žodynas)

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”