GNP
UK: ˌdʒiː en ˈpiː | US: ˌdʒiː en ˈpiː
n. Gross National Product; the total value of goods and services produced by a country’s residents in a given period, including income from abroad.
GNP is an acronym derived from the initial letters of "Gross National Product." It emerged in mid-20th-century economics to measure a nation’s economic output, distinguishing it from GDP (Gross Domestic Product) by including overseas income. The term reflects post-WWII efforts to standardize economic metrics.
The country’s GNP grew by 3% last year, boosted by foreign investments.
Economists debate whether GNP or GDP better reflects a nation’s economic health.
A decline in GNP may signal reduced productivity or external revenue losses.
The report compares the GNP of developed and developing nations.
Policies aimed at increasing exports can positively impact GNP.