Gross national product (GNP) is the market value of all the products and services produced in one year by labour and property supplied by the citizens of a country. Unlike Gross Domestic Product (GDP), which defines production based on the geographical location of production, GNP allocates production based on location of ownership.
GNP does not distinguish between qualitative
improvements in the state of the technical arts (e.g., increasing computer
processing speeds), and quantitative increases in goods (e.g., number of
computers produced), and considers both to be forms of "economic growth 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. 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. Gross.
GNP is the total
value of all final goods and services produced within a
nation in a particular year, plus income earned by its
citizens (including income of those located abroad), minus income of non-residents
located in that country. Basically, GNP measures the value of goods and
services that the country's citizens produced regardless of their location. GNP
is one measure of the economic
condition
of a country, under the assumption that
a higher GNP leads
to a higher quality
of living, all other things being equal