gdp
/ˌdʒiː diː ˈpiː/
noun
- The total value of all goods and services produced in a country in a year, used to measure the size and health of its economy.
- Economists use GDP to compare the economic output of different nations.
- The country's GDP grew by 3% last year, showing a strong economy.
- A drop in GDP often means that fewer goods and services are being produced.