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English definition of “GDP”

GDP

noun [U]     /ˌdʒiː.diːˈpiː/ 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 GNPEconomics and the state of the economy
(Definition of GDP noun from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)
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