gnp vs gdp: BONGDATV

Gross National Product (GNP) is the value of goods and services produced by a country's residents, regardless of location. Learn how to calculate GNP, how it differs from Gross Domestic Product (GDP), and why it is important for policymakers and economists.

Learn how to calculate and compare GDP and GNP, two measures of a country's annual output. GDP includes only domestic production, while GNP includes both domestic and foreign production by citizens of a country.

What is the difference between GDP and GNP? GDP is a measure of all production activity within the borders of a country, whereas GNP is a measurement of all production activity by a country's citizens and domestic-owned businesses.

Learn the meaning and methods of GDP and GNP, two measures of national income. Compare their scope, emphasis and exclusions with a table and examples.