Tag Archives: Acronyms

GNP – gross national product

GNP is the GDP plus net factor income from abroad.

The GDP of a nation together with any money earned from investment abroad, less the income earned within the nation by non-nationals. compare with GDP. GNP per capita is calculated as GNP/population and is usually expressed in US dollars. It may be used as an indicator of development. In the mid-1990s, a per capita GNP figure of $10000 would indicate a more developed country, while for a least developed nation, the figure would be around $600. GNP is an imperfect measurement of a nation's economy because certain forms of production, especially subsistence production, are not recorded.