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GDP

  1. gross domestic product.



GDP

abbreviation

  1. gross domestic product

“Collins English Dictionary — Complete & Unabridged” 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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Example Sentences

Examples have not been reviewed.

The latest GDP figures underline the baked in sluggishness, the flatlining, even the shrivelling of the economy.

From

The move comes as Australia faces pressure from the White House to lift its military spending, from 2% to 3.5% of GDP, a push so far resisted by Canberra.

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But GDP per capita remains low compared to EU member states.

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The increase - which would more than double Nato members' current target of spending 2% of GDP - is a big ask for many European nations.

From

Its 3.2% GDP growth was higher than America's, three times the UK's and four times the EU average.

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When To Use

is GDP?

GDP stands for gross domestic product. It’s the total monetary value of everything produced within a country, and is used as a measurement of a country’s economic status and growth.How is GDP pronounced?[ jee-dee-pee ]

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