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Cold-turkey deficit reduction would cause a significant recession. A recent analysis by the Congressional Budget Office estimated that going headlong over the cliff would cause our gross domestic product, which has been growing at an annual rate of around 2 percent, to fall at a rate of 2.9 percent in the first half of 2013.
Christina Romer

Meaning of "gross domestic product" in the English dictionary

Dictionary
DICTIONARY
section

PRONUNCIATION OF GROSS DOMESTIC PRODUCT

gross domestic product play
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GRAMMATICAL CATEGORY OF GROSS DOMESTIC PRODUCT

noun
adjective
verb
adverb
pronoun
preposition
conjunction
determiner
exclamation
Gross domestic product is a noun.
A noun is a type of word the meaning of which determines reality. Nouns provide the names for all things: people, objects, sensations, feelings, etc.

WHAT DOES GROSS DOMESTIC PRODUCT MEAN IN ENGLISH?

Gross domestic product

Gross domestic product is the market value of all officially recognized final goods and services produced within a country in a year, or over a given period of time. GDP per capita is often used as an indicator of a country's material standard of living. GDP per capita is not a measure of personal income. Under economic theory, GDP per capita exactly equals gross domestic income per capita. However, due to differences in measurement, there is usually a statistical discrepancy between the two figures. GDP is related to national accounts, a subject in macroeconomics. GDP is not to be confused with gross national product which allocates production based on ownership.

Definition of gross domestic product in the English dictionary

The definition of gross domestic product in the dictionary is 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 GDP.

WORDS THAT BEGIN LIKE GROSS DOMESTIC PRODUCT

gross
gross domestic income
gross indecency
gross margin
gross misconduct
gross national product
gross negligence
gross out
gross output
gross profit
gross ton
gross up
gross value added
gross weight
gross-out
Grosseteste
grossierete
grossly
grossness
grossular

WORDS THAT END LIKE GROSS DOMESTIC PRODUCT

banking product
blood product
by-product
Cartesian product
cleaning product
conduct
coproduct
cross product
dot product
end product
finished product
fission product
global product
gross national product
multiproduct
primary product
product
scalar product
set product
subproduct
vector product

Synonyms and antonyms of gross domestic product in the English dictionary of synonyms

SYNONYMS

Translation of «gross domestic product» into 25 languages

TRANSLATOR
online translator

TRANSLATION OF GROSS DOMESTIC PRODUCT

Find out the translation of gross domestic product to 25 languages with our English multilingual translator.
The translations of gross domestic product from English to other languages presented in this section have been obtained through automatic statistical translation; where the essential translation unit is the word «gross domestic product» in English.

Translator English - Chinese

国内生产总值
1,325 millions of speakers

Translator English - Spanish

producto interior bruto
570 millions of speakers

English

gross domestic product
510 millions of speakers

Translator English - Hindi

सकल घरेलू उत्पाद
380 millions of speakers
ar

Translator English - Arabic

الناتج المحلي الإجمالي
280 millions of speakers

Translator English - Russian

валовой внутренний продукт
278 millions of speakers

Translator English - Portuguese

produto interno bruto
270 millions of speakers

Translator English - Bengali

গ্রস ডোমেস্টিক পণ্য
260 millions of speakers

Translator English - French

produit intérieur brut
220 millions of speakers

Translator English - Malay

Keluaran dalam negeri kasar
190 millions of speakers

Translator English - German

Bruttoinlandsprodukt
180 millions of speakers

Translator English - Japanese

国内総生産
130 millions of speakers

Translator English - Korean

국내 총생산
85 millions of speakers

Translator English - Javanese

Produk domestik bruto
85 millions of speakers
vi

Translator English - Vietnamese

tổng sản phẩm trong nước
80 millions of speakers

Translator English - Tamil

மொத்த உள்நாட்டு உற்பத்தி
75 millions of speakers

Translator English - Marathi

एकूण देशांतर्गत उत्पादन
75 millions of speakers

Translator English - Turkish

gayri safi yurtiçi hasıla
70 millions of speakers

Translator English - Italian

prodotto interno lordo
65 millions of speakers

Translator English - Polish

Produkt krajowy brutto
50 millions of speakers

Translator English - Ukrainian

валовий внутрішній продукт
40 millions of speakers

Translator English - Romanian

produsul intern brut
30 millions of speakers
el

Translator English - Greek

ακαθάριστο εγχώριο προϊόν
15 millions of speakers
af

Translator English - Afrikaans

bruto binnelandse produk
14 millions of speakers
sv

Translator English - Swedish

bruttonationalprodukten
10 millions of speakers
no

Translator English - Norwegian

brutto nasjonalprodukt
5 millions of speakers

Trends of use of gross domestic product

TRENDS

TENDENCIES OF USE OF THE TERM «GROSS DOMESTIC PRODUCT»

The term «gross domestic product» is quite widely used and occupies the 36.699 position in our list of most widely used terms in the English dictionary.
0
100%
FREQUENCY
Quite widely used
83
/100
The map shown above gives the frequency of use of the term «gross domestic product» in the different countries.
Principal search tendencies and common uses of gross domestic product
List of principal searches undertaken by users to access our English online dictionary and most widely used expressions with the word «gross domestic product».

FREQUENCY OF USE OF THE TERM «GROSS DOMESTIC PRODUCT» OVER TIME

The graph expresses the annual evolution of the frequency of use of the word «gross domestic product» during the past 500 years. Its implementation is based on analysing how often the term «gross domestic product» appears in digitalised printed sources in English between the year 1500 and the present day.

Examples of use in the English literature, quotes and news about gross domestic product

EXAMPLES

3 QUOTES WITH «GROSS DOMESTIC PRODUCT»

Famous quotes and sentences with the word gross domestic product.
1
Richard Dooling
And it was back in the mid-1980s, and as I point out in a piece, that was when we are spending about eight percent of our gross domestic product on health care. And even then, we had the impression that so much of the excessive, aggressive medical treatment that took place at the end of life was not only unnecessary but it was cruel.
2
Peter Blair Henry
Between 2001 and 2011, Brazil lifted 20 million people out of poverty and into its growing middle class, and in the last quarter of the twentieth century Botswana's gross domestic product per capita grew faster than that of any other country on the planet. The once-labeled 'Third World' is edging its way into the 'First World.'
3
Christina Romer
Cold-turkey deficit reduction would cause a significant recession. A recent analysis by the Congressional Budget Office estimated that going headlong over the cliff would cause our gross domestic product, which has been growing at an annual rate of around 2 percent, to fall at a rate of 2.9 percent in the first half of 2013.

10 ENGLISH BOOKS RELATING TO «GROSS DOMESTIC PRODUCT»

Discover the use of gross domestic product in the following bibliographical selection. Books relating to gross domestic product and brief extracts from same to provide context of its use in English literature.
1
Understanding the Gross Domestic Product and the Gross ...
Explains what the gross domestic product and gross national product are, discussing their role in the global economy, economic indicators, and the limitations of the GDP.
Corona Brezina, 2011
2
OECD Glossary of Statistical Terms
GROSS DOMESTIC PRODUCT (GDP) – CONSTANT PRICES Source: SNA 1.128 and 2.173-2.174 French equivalent: Produit intérieur brut (PIB) Gross domestic product (GDP) – constant prices Gross domestic product (GDP) at constant ...
OECD, 2008
3
Business Statistics of the United States 2012: Patterns of ...
Business Statistics of the United States: Patterns of Economic Change is a comprehensive and practical collection of data that reflects the nation's economic performance since 1929.
Cornelia J. Strawser, 2012
4
Macroeconomics Management
In other words, Net Domestic Product at Factor Cost = Net Domestic Product at Market Price - Indirect Taxes + Subsidies • (6) Gross Domestic Product at Factor Cost or Gross Domestic Income Gross Domestic Product at Factor Cost or gross ...
TR Jain
5
Macroeconomics and Elementary Statistics
In other words, Net Domestic Product at Factor Cost = Net Domestic Product at Market Price - Indirect Taxes + Subsidies I (6) Gross Domestic Product at Factor Cost or Gross Domestic Income Gross Domestic Product at Factor Cost or gross ...
TR Jain
6
Anuario Estadistico de America Latina Y El Caribe
Argentina: producto interno bruto por tipo de gasto, a precios de mercado / Argentina: gross domestic product by type of expenditure, at market pnces 213 141. Argentina: producto interno bruto por clase de actividad económica, a precios de ...
United Nations, 2005
7
Diagnosing the Philippine Economy: Toward Inclusive Growth
'Diagnosing the Philippine Economy' describes the conditions that depress economic growth in the Philippine economy and their causes and potential solutions.
Dante B. Canlas, Muhammad Ehsan Khan, Juzhong Zhuang, 2011
8
Austrailian Domestic Product, Investment and Foreign ...
CHAPTER XXIII PRICE INDEXES AND DEFLATED SERIES The deflated series of gross domestic product and gross domestic capital formation have been made in order to show the results which follow the exploitation of the most complete ...
9
Statistical yearbook for Latin America and the Caribbean 2007
... economic activity, at market prices ................................................................................ ........... 2.1.2.12 Bolivia: producto interno bruto por tipo de gasto, a precios de mercado Bolivia: gross domestic product, by type of expenditure, at market prices .
Bernan, United Nations: Economic Commission for Latin America and the Caribbean, 2008
10
United States Congressional Serial Set, Serial No. 14752, ...
CONTENTS NATIONAL INCOME OR EXPENDITURE: Page B-l. Gross domestic product, 1959-2001 320 B-2. Real gross domestic product, 1959-2001 322 B-3. Quantity and price indexes for gross domestic product, and percent changes, ...
Council of Economic Advisers (U.S.), House of Representatives, United States. General Printing Office, 2002

10 NEWS ITEMS WHICH INCLUDE THE TERM «GROSS DOMESTIC PRODUCT»

Find out what the national and international press are talking about and how the term gross domestic product is used in the context of the following news items.
1
Singapore Q2 GDP in sharp miss on factory, services
Gross domestic product (GDP) contracted a sharp 4.6 percent on-quarter in the second quarter, well off a Reuters poll forecast for a 0.8 percent ... «CNBC, Jul 15»
2
Europe's Insane Deal With Greece
Greece's gross domestic product per person was about half of Germany's when it joined the euro in 2001. Since then, Greece's competitiveness ... «Bloomberg View, Jul 15»
3
South Africa's equity market power scrutinised
... the country's $324bn gross domestic product, according to data from the World Federation of Exchanges, Thomson Reuters Datastream and ... «Financial Times, Jul 15»
4
Apple Could Have Bailed Out Greece---Twice
If Apple were a country, and its cash pile was its gross domestic product, it would rank No. 54 on the list of richest nations in the world, ... «Wired, Jul 15»
5
Asia bourses buoyed by Greece deal
Wednesday's release of China gross domestic product data for the June quarter will be closely watched by investors, although many analysts ... «Financial Times, Jul 15»
6
REVEALED: The best indicator of the US economy
... recent research that examines which indicators are best for "nowcasting" models of Gross Domestic Product, the quarterly arbiter of economic ... «Business Insider, Jul 15»
7
The Economic Indicator That Makes Sense Of The Global Economy
It's common for investors to look at gross domestic product (GDP) when making decisions about how to deploy capital. Unlike GDP, which looks ... «Forbes, Jul 15»
8
Will USD/CAD Reach a Six Year High?
Many analysts are looking for another interest rate cut and given the continued drop in Canada's Gross Domestic Product (GDP) into negative ... «FXStreet, Jul 15»
9
Georgians Squeezed by Greek Crisis
The World Bank estimates that in 2010-2014 remittances accounted for 12 percent of Georgia's Gross Domestic Product. (Photo: Temo ... «EurasiaNet, Jul 15»
10
Russia Budget Swings To Surplus in June - Finance Ministry
The country's budget recorded a surplus of 0.9% of gross domestic product in June after running a deficit of 0.7% in May, according to the ... «Nasdaq, Jul 15»

REFERENCE
« EDUCALINGO. Gross domestic product [online]. Available <https://educalingo.com/en/dic-en/gross-domestic-product>. Apr 2024 ».
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