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What (who) is gross national product - definition

TOTAL DOMESTIC AND FOREIGN OUTPUT CLAIMED BY RESIDENTS OF A COUNTRY, CONSISTING OF GROSS DOMESTIC PRODUCT, PLUS FACTOR INCOMES EARNED BY FOREIGN RESIDENTS, MINUS INCOME EARNED IN THE DOMESTIC ECONOMY BY NONRESIDENTS

Gross national product (finance); Gross National Product; Gross national product; Gross National Income; GNP; List of countries by GNI; Gross national consumption

Gross National Product

A measure of the market value of goods and services produced by the labor and property of a nation. Includes receipts from that nation's business operation in foreign countries, as well as the share of reinvested earnings in foreign affiliates of domestic corporations.

gross national product

A country's gross national product is the total value of all the goods it has produced and the services it has provided in a particular year, including its income from investments in other countries. (BUSINESS)

= GNP

N-VAR

gross national product

¦ noun the total value of goods produced and services provided by a country during one year, equal to the gross domestic product plus the net income from foreign investments.

Wikipedia

Gross national income

The gross national income (GNI), previously known as gross national product (GNP), is the total domestic and foreign output claimed by residents of a country, consisting of gross domestic product (GDP), plus factor incomes earned by foreign residents, minus income earned in the domestic economy by nonresidents.^: 44 Comparing GNI to GDP shows the degree to which a nation's GDP represents domestic or international activity. GNI has gradually replaced GNP in international statistics. While being conceptually identical, it is calculated differently. GNI is the basis of calculation of the largest part of contributions to the budget of the European Union. In February 2017, Ireland's GDP became so distorted from the base erosion and profit shifting ("BEPS") tax planning tools of U.S. multinationals, that the Central Bank of Ireland replaced Irish GDP with a new metric, Irish Modified GNI (or "GNI*"). In 2017, Irish GDP was 162% of Irish Modified GNI.

https://en.wikipedia.org/wiki/Gross national income

Examples of use of gross national product

1. In that way, they seriously damaged the gross national product.

2. That is the equivalent of the Gross National Product of South Africa.

3. Auto sales typically account for 4 percent of the gross national product.

4. In 2005 and 2006, revenues were just less than 24 percent of gross national product.

5. The gross national product has more than doubled to $400 billion.