GDP
n. C / Un. Stands for Gross Domestic Product. The total value of all the goods and services a country produces in one year. It is a common way to measure how strong a country's economy is.
n. Abbreviation for Gross Domestic Product. The total market value of all final goods and services produced within a country's borders during a specific period. Often used as a primary indicator of national economic health and growth.
The country's GDP grew by three percent this year.
Economists are worried that the recent drop in GDP suggests the country is entering a recession.
While GDP provides a useful snapshot of economic activity, critics argue it fails to account for wealth inequality or the environmental costs of industrial production.
Usually treated as uncountable when referring to the general concept, but countable when comparing the figures of different nations or years.