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GDP noun

Click to hear the UK pronunciation of this wordClick to hear the US pronunciation of this word/ˌdʒiː.diːˈpiː/ n [U]

Definition

specialized abbreviation for Gross Domestic Product: the total value of goods and services produced by a country in a year
If the GDP continues to shrink, the country will be in a recession.
Compare: GNP

(Definition of GDP noun from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)

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