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Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Gross National Product

A measure of the value of what a country's citizens produce in a given year, whether or not the production occurred in that country. To calculate GNP, one takes the GDP and adds to it all earnings made by domestic citizens in a different country. One then subtracts from this quantity all earnings made in the home country by non-citizens. GNP is less commonly used now because it has become a less accurate tool for calculating what a domestic economy produces, as more countries have citizens working abroad.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

Gross national product (GNP).

The gross national product is a measure of a country's economic output -- the total value of all the goods and services that it produces in a particular year. The GNP is similar to the gross domestic product (GDP), but not exactly the same.

Unlike the GDP, the GNP includes the income generated by investments owned outside the country by its citizens, and excludes any income earned on domestic soil by noncitizens or organizations based elsewhere.

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References in periodicals archive ?
To graft alkyl chains to the neat GNPs, 0.3 g of the neat GNPs was added to an alkylamine/methanol solution (0.1 M, 50 mL) and the solution was stirred at room temperature for 4 h [9,35].
Judgment nodes can be reused and shared with other class association rules because of GNP's reusability.
Both as-received materials of PET and GNP dried at about 120[degrees]C in vacuum oven overnight before melt compounding was carried out.
Last year's winner was Harry Race Pharmacy, located in Sitka, Alaska --more than 1,000 miles from the nearest GNP location.
To determine the cytotoxic effects of 5-ALA, GNPs and their combination, experiments were performed in four groups.
Renata said that this mindset is integrated into all GNP employees, many of whom have been with the company since its inception.
Further confirmation of GNP synthesis was carried out by UV-visible spectral analysis which revealed the appearance of a sharp peak at 550nm.
The excessive focus on GNP can be forgiven as can the errors in the economic analysis.
And third, it does not represent our potential real output; if measured, we will end up with a huge GNP gap.
In both cases, the GNP calculated cannot be a reliable development indicator.
The presidential office Cheong Wa Dae expressed deep regret Monday over the ruling Grand National Party's (GNP) demand that the nomination of a former top prosecutor as chief state auditor be withdrawn, taking issue with the way the opinion was delivered.
Dozens of opposition lawmakers and their aides fought with members of the ruling Grand National Party (GNP) when they prevented them from joining a plenary session of the committee on land and maritime affairs.