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Gross National Product
Term category: Economics
In 10 words or less:  An economic indicator that is calculated by adding income by overseas residents to GDP.

Definition: The gross national product (GNP) is similar to GDP, but also includes the income of overseas residents minus the income earned by foreign residents within the country's borders.

 Advice: GNP attempts to capture the total dollar value of all final goods and services produced for consumption in society during a particular time period.  GDP only calculates what's created within a country's borders, whereas GNP makes some allowances for activity created by residents outside of its borders.

 

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