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gross national product

noun
1.
the total monetary value of all final goods and services produced in a country during one year.
Abbreviation: GNP.
Origin
1945-1950
1945-50
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Examples from the web for gross national product
  • If it had a gross national product it would be measured not in money, but in souls.
British Dictionary definitions for gross national product

gross national product

noun
1.
the total value of all final goods and services produced annually by a nation GNP
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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Encyclopedia Article for gross national product

total market value of the final goods and services produced by a nation's economy during a specific period of time (usually a year), computed before allowance is made for the depreciation or consumption of capital used in the process of production. It is distinguished from net national product, which is computed after such an allowance is made. The GNP is nearly identical to gross domestic product (GDP) except that the latter does not include the income accruing to a nation's residents from investments abroad (minus the income earned in the domestic economy accruing to nonnationals from abroad). Gross national product is a convenient indicator of the level of a nation's economic activity. In 1991 the United States substituted GDP for GNP as its main measure of economic output

Learn more about gross national product with a free trial on Britannica.com
Encyclopedia Britannica, 2008. Encyclopedia Britannica Online.
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