Definition of “GDP” - English Dictionary

british dictionary

“GDP” in American English

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abbreviation forgross domestic product

(Definition of “GDP” from the Cambridge Academic Content Dictionary © Cambridge University Press)

“GDP” in Business English

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GDPnoun [ U ]

uk /ˌdʒiːdiːˈpiː/ us ECONOMICS

abbreviation for Gross Domestic Product: the total value of goods and services produced in a country in a year:

If GDP continues to shrink, the country will be in a recession.
The government's goal is to reduce the deficit to 5% of GDP this year through a combination of spending cuts and tax increases.
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(Definition of “GDP” from the Cambridge Business English Dictionary © Cambridge University Press)