GROSS NATIONAL PRODUCT (GNP)

An estimate of the total money value of all the final goods and services produced in a given one-year period by the factors of production owned by a particular country's residents. An economic statistic that includes Gross Domestic Product (GDP), plus any income earned by residents from overseas investments, minus income earned within the domestic economy by overseas residents. Gross National Product (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.

Gross National Product (GNP) is often contrasted with Gross Domestic Product (GDP). While GNP measures the output generated by a country's enterprises (whether physically located domestically or abroad) GDP measures the total output produced within a country's borders - whether produced by that country's own local firms or by foreign firms.

Editor: Giovanni AVERSA