The Gross National Product (GNP) is the total value of all finished goods and services produced by a country’s citizens in a given financial year, together with income received from other countries (notably interest and dividends), less similar payments made to other countries. The basic distinction between GDP and GNP is the difference in estimating the production output by foreigners in a country and by nationals outside of a country. (Refer to the Gross Domestic Product (GDP))
Reference Definition by Investopedia.com: The Gross National Product (GNP) is an estimate of total value of all the final products and services produced in a given period by the means of production owned by a country’s residents. GNP is commonly calculated by taking the sum of personal consumption expenditures, private domestic investment, government expenditure, net exports, and any income earned by residents from overseas investments, minus income earned within the domestic economy by foreign residents. Net exports represent the difference between what a country exports minus any imports of goods and services.
Related Definitions in the Project: The Commercial Definitions
