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What is GNP?

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					GNP
Definition
Gross National Product. GNP is the total value of all final goods and services
produced within a nation in a particular year, plus income earned by its
citizens (including income of those located abroad), minus income of non-
residents located in that country. Basically, GNP measures the value of
goods and services that the country's citizens produced regardless of their
location. GNP is one measure of the economic condition of a country, under
the assumption that a higher GNP leads to a higher quality of living, all other
things being equal.




FROM WIKIPEDIA IN DETAIL


Gross national product
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"GNP" redirects here. For other uses, see GNP (disambiguation).

Gross National Product (GNP) is the market value of all products and services produced in one
year by labor and property supplied by the residents of a country. Unlike Gross Domestic
Product (GDP), which defines production based on the geographical location of production, GNP
allocates production based on ownership.

GNP does not distinguish between qualitative improvements in the state of the technical arts
(e.g., increasing computer processing speeds), and quantitative increases in goods (e.g., number
of computers produced), and considers both to be forms of "economic growth".[1]


[edit] GNP vs. GDP
See also: Gross domestic product#GDP vs GNP

Gross National Product (GNP) is often contrasted with Gross Domestic Product (GDP). While
GNP measures the output generated by a country's enterprises (whether physically located
domestically or abroad) GDP measures the total output produced within a country's borders -
whether produced by that country's own firms or not.

When a country's capital or labour resources are employed outside its borders, or when a foreign
firm is operating in its territory, GDP and GNP can produce different measures of total output. In
2009 for instance, the United States estimated its GDP at $14.119 trillion, and its GNP at
$14.265 trillion.[2]

[edit] Use

The United States used GNP as its primary measure of total economic activity before 1991, when
it began to use GDP.[3] In making the switch, the Bureau of Economic Analysis (BEA) noted
both that GDP provided an easier comparison of other measures of economic activity in the
United States and that "virtually all other countries have already adopted GDP as their primary
measure of production."[4]

[edit] List of countries by GNP(GNI) (nominal, Atlas method) (millions of
US$)[5] (Top 10)
See also: List of countries by GDP (nominal)

Rank                2010                                2009                             2008

 1         United States   14,600,828          United States   14,223,686       United States   14,506,142

 2         China             5,700,018         China            4,857,623       Japan            4,853,005

 3         Japan             5,369,116         Japan            4,785,450       China            4,042,883

 4         Germany           3,537,180         Germany          3,473,814       Germany          3,504,510

                                                                                United
 5         France            2,749,821         France           2,750,418                        2,799,960
                                                                            Kingdom

           United                            United
 6                           2,399,292                          2,538,578       France           2,700,770
       Kingdom                           Kingdom

 7         Italy             2,125,845         Italy            2,114,668       Italy            2,115,482
Rank            2010                        2009                        2008

 8     Brazil          1,830,392   Brazil          1,563,126   Spain           1,449,186

 9     India           1,566,636   Spain           1,472,046   Canada          1,446,669

 10    Canada          1,483,274   India           1,405,064   Brazil          1,433,699