| the total monetary value of all final goods and services produced in a country during one year. Abbreviation: GNP |
| gross national product n. Abbr. GNP The total market value of all the goods and services produced by a nation during a specified period. |
Gross National Product - GNP
An economic statistic that includes GDP, plus any income earned by residents from overseas investments, minus income earned within the domestic economy by overseas residents.
Investopedia Commentary
GNP is a measure of a country's economic performance, or what its citizens produced (i.e. goods and services) and whether they produced these items within its borders.
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See also: Economic Growth Rate, Economics, Economy, Gross Domestic Product - GDP, Net Exports, Real Economic Growth Rate, Real GDP
Also spelled: GNP
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
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