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Finance Dictionary and Glossary of Investment Terms
Gross National Product (GNP)
The dollar value of all goods and services produced in a nation''s economy, including goods and services produced abroad.
Measures and economy's total income. It is equal to G.D.P. plus the income abroad accruing to domestic residents minus income generated in domestic market accruing to non-residents.
Similar to gross domestic product (GDP), but also includes the value of goods and services produced outside a nation's borders by its permanent residents. For example, if a permanent resident of the United States owns a shoe factory in Mexico, the profit from that factory is computed in U.S. GNP, but not GDP.