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

Unfortunately, this is a different era, with the state confronting its own $3 billion budget deficit and pension shortfall and debt obligations exceeding $220 billion, close to the gross national product of Greece. —Chicago Tribune, 20 Jan. 2025

First, do conventional measures of growth, such as the change in a country’s gross national product, omit key aspects of collective social welfare, such as environmental quality and income inequality? —Foreign Affairs, 14 Jan. 2025

But if history is any guide, expanding gross national product is also unlikely to be a panacea. —Robert A. Pape, Foreign Affairs, 23 Sep. 2024

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

Word History

First Known Use

1923, in the meaning defined above

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)