The market value of final goods and services produced over time including the income of foreign corporations and foreign residents working in the U.S., but excluding the income of U.S. residents and corporations overseas. Bloomberg Financial Dictionary
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GDP GDP
ECONOMICS abbreviation for gross domestic product
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Gross Domestic Product is the total monetary value of all goods and services produced within a country. GDP does not include income from overseas investments and earnings or from remittances from nationals working abroad.
► See also GNP.
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GDP UK US /ˌdʒiːdiːˈpiː/ noun [U] 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.
Financial and business terms. 2012.