Longman Dictionary of Contemporary English
Wiktionary
n. (context economics English) The total market value of all the goods and services produced by a nation (citizens of a country, whether living at home or abroad) during a specified period
WordNet
n. former measure of the United States economy; the total market value of goods and services produced by all citizens and capital during a given period (usually 1 yr) [syn: GNP]
Wikipedia
Gross national product (GNP) was the market value of all the products and services produced in one year by labour and property supplied by the citizens of a country. Unlike gross domestic product (GDP), which defines production based on the geographical location of production, GNP suggested it allocated production based on location of ownership. In fact it allocated income on the location of ownership and residence, and so its name became the less ambiguous Gross National Income.
GNP is an economic statistic that is equal to GDP plus any income earned by residents from overseas investments minus income earned within the domestic economy by overseas residents.
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".
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.
The term Gross national income (GNI) has gradually replaced the Gross national product (GNP) in international statistics. While being conceptually identical, the precise calculation method has evolved at the same time as the name change.
Usage examples of "gross national product".
India and Pakistan have registered gross national product increases per capita of over 3 percent steadily since 1980, while many African countries have had negative or near-zero GNP growth rates.
Macedonia expended quite a bit of its gross national product on internal and border security to combat the evil influences of men like Kazakov.
For all he knows, some significant fraction of the Philippine gross national product is being devoted to keeping up these pretenses for his benefit.
Nevertheless, at the time of the passage of the Sherman Act, a pre-automotive period, the entire petroleum industry amounted to less than one percent of the Gross National Product and was barely one-third as large as the shoe industry.
GTs annual profit is almost fifty times the gross national product of Beninia.
Government today dispenses a much larger part of the Gross National Product than when this was written.
Moreover, the fraction of the gross national product of the United States or the Soviet Union that is being expended even in the more costly manned space programs is just comparable to the fraction of the gross national product spent by England and France in the sixteenth and seventeenth centuries on their exploratory ventures by sailing ships.
So is the thought of the Redeemer on the Cross, the Cow who Jumped Over the Moon, the lost continent of Mu, the Gross National Product, the Square Root of Minus One, and anything else capable of mobilizing emotional energy.
Financial figures get fuzzy when they get big, but the global gross national product, if that term makes any sense, is around fifty trillion dollars a year and the amortization-adjusted purchase price for the whole damn globe entire is a whopping two and a half quadrillion dollars.