gross national product

noun

: the total value of the goods and services produced by the residents of a nation during a specified period (such as a year)

Examples of gross national product in a Sentence

Recent Examples on the Web Here’s a fact to consider: the American health care system is a $4.5 trillion industry (and counting), around the size of Italy’s entire gross national product. David Weill, STAT, 9 Aug. 2024 Some economists list the net worth of these corporations as being more than the gross national product of many European nations. Reader Commentary, Baltimore Sun, 2 Aug. 2024 Advertisement Remittances to Mexico — almost all from the United States — have more than doubled during the last decade, totaling a record $58.5 billion in 2022, or 4.32% of the country’s gross national product, according to the World Bank. Patrick J. McDonnell, Los Angeles Times, 5 Sep. 2023 The tourism industry in Puerto Rico is estimated to employ over 63,500 people and earns 7 percent of the island’s gross national product. Madison Roberts, Peoplemag, 2 Aug. 2023 See all Example Sentences for gross national product 

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'gross national product.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

First Known Use

1923, in the meaning defined above

Time Traveler
The first known use of gross national product was in 1923

Dictionary Entries Near gross national product

Cite this Entry

“Gross national product.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/gross%20national%20product. Accessed 19 Aug. 2024.

Kids Definition

gross national product

noun
: the total value of the goods and services produced in a nation during a year

Legal Definition

gross national product

noun
: the total value of the goods and services produced by the residents of a nation during a specified period (as a year)

More from Merriam-Webster on gross national product

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