Gross National Product (GNP)

What is Gross National Product.?

Gross is the net amount or value without any sort of deduction (tax, surcharges etc.)

Gross National Product, often referred to as GNP, is the total value in money of all types of finished goods and services produced in an economy (such as a nation) in a year, as well as all net property based in foreign land.Ads by Google

In simpler terms, GNP can be best explained as the economic statistics that included GDP as well as any income earned by residents based in foreign countries, minus the net income earned by overseas residents in the domestic economy.

This needs not saying that GNP of a country is one of the most crucial indicator that reflect its economic health. Generally, when the GNP of a country is adjusted for inflation, the net output is known as its real GNP.

Edited and Updated 15th February 2014

You can leave a response, or trackback from your own site.

Leave a Reply

You must be logged in to post a comment.

Powered by WordPress