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GDP
noun
-
GDP
,
GDPing
,
GDPs
,
GDPed
the
total
value
of
all
the
goods
produced
and
services
provided
by
a
country
in
one
year
.
•
Our
country's
GDP
has
doubled
in
the
last
decade
.
Our
country's
GDP
has
doubled
in
the
last
decade
.
•
The
GDP
growth
rate
slowed
down
due
to
the
recession
.
The
GDP
growth
rate
slowed
down
due
to
the
recession
.
Acronym
coined
in
1934
by
U
.
S
.
economist
Simon
Kuznets
,
who
developed
the
measure
for
the
U.S. Department of Commerce
.
