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Differentiating GDP and GNP: National vs. Domestic Income Measurement
December 2, 2023
How does GDP differ from GNP (Gross National Product)?
GDP (Gross Domestic Product) measures the total value of goods and services produced within a country's borders, irrespective of ownership, while GNP (Gross National Product) measures the total output produced by a country's nationals, either within the country or abroad. GNP includes domestic production by citizens abroad and excludes foreign production within the country.
Tags : GDP , GNP , National Income