gdp
gdp — noun
1. the short form of 'Gross Domestic Product,' which captures the combined monetary
the short form of 'Gross Domestic Product,' which captures the combined monetary worth of everything a country makes, grows, and provides to its people and other nations over one year — it is the main indicator used to judge the overall health of an economy
After the earthquake, Japan's GDP fell sharply before recovering the following year.
collocation: GDP fell / GDP recovered
Justin learned in his economics class that GDP does not measure unpaid work at home.
common misconception about GDP
The government plans to invest in renewable energy to boost GDP and create jobs.
Economists forecast that the country's GDP per capita will surpass fifty thousand dollars next year.
Meera compared the GDP figures of several Southeast Asian nations for her research project.
- gross domestic product
the full, more formal form of the same concept; used in academic and official documents
- economic output
a broader term that can refer to production at any level (company, industry, region), not just a whole country
- national income
a related but distinct measure; national income focuses on earnings (wages, profits, rents) rather than total production value
用法筆記
GDP is an acronym for 'Gross Domestic Product.' It is uncountable, so it is never used in the plural (not 'GDPs'). The full form 'gross domestic product' is more common in formal writing; 'GDP' is preferred in news, business, and everyday economic discussion.