Gross National Product

Gross National Product (GNP) is the total value of all goods and services produced by a country's residents over a specific period, usually a year. It includes the income earned domestically and abroad but excludes income earned by foreigners within the country. GNP reflects the economic output generated by the nation's people and businesses regardless of where they are located, emphasizing the contribution of citizens and entities associated with the country. It helps measure the overall economic health and the income generated by a country's residents, providing insight into the nation's economic size and productivity.