Definition of GDP noun from the Oxford Advanced Learner's Dictionary



BrE BrE//ˌdʒiː diː ˈpiː//
; NAmE NAmE//ˌdʒiː diː ˈpiː//
[uncountable, countable, usually singular]
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the abbreviation for ‘gross domestic product’ (the total value of all the goods and services produced by a country in one year) GDP grew 5.8 percent in the first quarter. There was a 42-per-cent decline in GDP. The country has a GDP per head in excess of $2,000. compare GNP
See the Oxford Advanced American Dictionary entry: GDP