Hello, you have come here looking for the meaning of the word GDP. In DICTIOUS you will not only get to know all the dictionary meanings for the word GDP, but we will also tell you about its etymology, its characteristics and you will know how to say GDP in singular and plural. Everything you need to know about the word GDP you have here. The definition of the word GDP will help you to be more precise and correct when speaking or writing your texts. Knowing the definition ofGDP, as well as those of other words, enriches your vocabulary and provides you with more and better linguistic resources.
Economics is a messy discipline: too fluid to be a science, too rigorous to be an art. Perhaps it is fitting that economists’ most-used metric, gross domestic product (GDP), is a tangle too. GDP measures the total value of output in an economic territory. Its apparent simplicity explains why it is scrutinised down to tenths of a percentage point every month.
2017, Rutger Bregman, chapter 5, in Elizabeth Manton, transl., Utopia for Realists, Kindle edition, Bloomsbury Publishing, page 104:
Or take Wikipedia. Supported by investments of time rather than money, it has left the old Encyclopedia Britannica in the dust – and taken the GDP down a few notches in the process.
Berg, Jeremy M. with Tymoczko, John and Stryer, Lubert (2002) “Common Abbreviations in Biochemistry”, in Biochemistry, Fifth eidtion edition, W H Freeman and Company, →ISBN, retrieved 4 December 2009