GNP

Economy size measure

GNP stands for gross national product—the total value of goods and services produced by a country's citizens, whether at home or abroad.

It differs from GDP (gross domestic product), which measures production within a country's borders regardless of who produces it.

GNP was once the standard measure of economic output but has largely been replaced by GDP in policy discussions.

comparison

GDP

National output abbreviation

PPP · ranking · developed · developing · emerging · World Bank · IMF · OECD · benchmark · disparity

measurement

nominal

In designation only

  • realTruly existing, not fake
  • grossTotal before subtractions
  • netFinal amount remaining

output · index · indicator · statistics · calculation · valuation · accounting · expenditure · income · data

production

goods

Things for sale

industry · labor · productivity · agriculture · sector · value-added · intermediate · industrial · workforce · capacity

economics

macroeconomics

Study of aggregate economies

aggregate · demand · supply · equilibrium · consumption · investment · savings · trade · balance · exchange

growth

expansion

Increase in scope

boom · prosperity · development · rise · acceleration · contraction · decline · slowdown · recovery · fluctuation

national

domestic

Of the home

territorial · borders · repatriated · overseas · remittances · expatriate · multinational · cross-border · inflow · outflow

Categories
Opposites
geographic scope of economic measurement

GNPGDP

National output abbreviation

NDP

economic scale

GNPhousehold income

Total money a home receives

per capita income · individual income · personal income · microeconomics

economic health indicators

GNPdepression

Prolonged low state

national debt · economic contraction · recession · deficit · negative growth

Familiarity
Top 200,000
Profile
Used worldwide · Timeless · Abstract · Rated G