gross product ˌgross ˈproduct noun [uncountable]
ECONOMICS the total value of goods and services produced in a particular place:
• In California, farmers produce about 10% of the state's gross product.
* * *
gross product UK US noun [U] ECONOMICS
► the total value of all the goods and services produced in a particular place in a particular year: »
The California gross product is $1.6 trillion.
Financial and business terms. 2012.