Gross National Product - GNP

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DEFINITION of '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.

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BREAKING DOWN 'Gross National Product - GNP'

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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RELATED FAQS
  1. Why would a country's gross domestic product (GDP) and gross national income (GNI) ...

    A country’s gross domestic product, or GDP, and gross national income, or GNI, are likely to differ considerably because ... Read Full Answer >>
  2. Is gross national income (GNI) or gross domestic product (GDP) a better measure of ...

    While gross domestic product, or GDP is among the most popular of economic indicators, gross national income, or GNI, is ... Read Full Answer >>
  3. What is the formula for calculating gross national product (GDP)?

    Gross national product (GNP) is a slightly modified version of gross domestic product (GDP). The GNP of a country is equal ... Read Full Answer >>
  4. What is the functional difference between GDP and GNP?

    Gross Domestic Product (GDP) and Gross National Product (GNP) both try to measure the market value of all goods and services ... Read Full Answer >>
  5. When do economists use GNP?

    Economists use gross national product (GNP) mainly to learn about the total income of a country's residents within a given ... Read Full Answer >>
  6. What are some alternatives to real GDP?

    Real GDP is used for assessing a country’s economic performance over a given time. Other measures used for this are nominal ... Read Full Answer >>
  7. What insights are economists trying to capture with GNP?

    Gross national product (GNP) is a measure of the market value of all the products and services produced by a country in one ... Read Full Answer >>

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