Meaning of the word GDP in English

What does GDP mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

GDP

US /ˌdʒiː.diːˈpiː/
UK /ˌdʒiː.diːˈpiː/
"GDP" picture

Abbreviation

1.

the total value of goods produced and services provided in a country during one year.

Example:
The country's GDP grew by 3% last quarter.
A high GDP often indicates a strong economy.
Learn This Word at Lingoland