gross national product
National economic total
Gross national product, often abbreviated GNP, is the total monetary value of all goods and services produced by a country's residents over a specific period, typically a year, regardless of where that production takes place.
Unlike gross domestic product (GDP), which measures output within a country's borders, GNP includes income earned by citizens abroad while excluding income earned domestically by foreign residents.
The country's gross national product grew by three percent last quarter.
State spending and taxation
- monetary policyCentral bank economic controls
- central bankNational currency management institution
- government spendingState allocation of funds
- taxationCompulsory government revenue collection
budget deficit · economic planning · development goals · trade policy · stimulus · austerity · public investment · growth strategy
Using up of resources
- investmentDeploying capital for returns
- government expenditureFunds disbursed by authorities
- exportsGoods sold abroad
- importsGoods brought in
net exports · household spending · business investment · trade balance · manufacturing · agriculture · inventory
Nations with growing economies
- emerging marketsRapidly growing economies
- OECDInternational economic policy organization
- World BankGlobal development finance institution
- IMFGlobal economic assistance organization
per capita income · living standards · purchasing power · wealth distribution · global economy · North-South divide · income inequality · convergence
National output abbreviation
- nominalIn designation only
- realTruly existing, not fake
- PPPPublic-private cooperation agreement
- economic indicatorStatistic measuring market health
depreciation · benchmark · baseline · revision · methodology
fiscal policy
State spending and taxation
- monetary policyCentral bank economic controls
- central bankNational currency management institution
- government spendingState allocation of funds
taxation · budget deficit · economic planning · development goals · trade policy · stimulus · austerity · public investment · growth strategy
consumption
Using up of resources
- investmentDeploying capital for returns
- government expenditureFunds disbursed by authorities
- exportsGoods sold abroad
imports · net exports · household spending · business investment · trade balance · manufacturing · agriculture · inventory
developing countries
Nations with growing economies
- emerging marketsRapidly growing economies
- OECDInternational economic policy organization
- World BankGlobal development finance institution
IMF · per capita income · living standards · purchasing power · wealth distribution · global economy · North-South divide · income inequality · convergence
GDP
National output abbreviation
economic indicator · depreciation · benchmark · baseline · revision · methodology
- economicssupply and demand, inflation, GDP, GNP, microeconomics
- macroeconomicsGDP, GNP, inflation rate, money supply, monetary policy