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GDP measures the value of all goods and services within a country's borders, while GNP is the value of the goods produced by a country's residents.
GDP vs GNP. GDP is a measure of all production activity within the borders of a country, whereas GNP is a measurement of all production activity by a country's citizens and domestic-owned businesses.
GDP vs GNP – how they differ. GDP is gross domestic product – it is a measure of the total value of what is produced in an economy. GNP is gross national product – a measure of the total income that stays in an economy.
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GDP and GNP figures are both calculated on a per capita basis to give a portrait of a country's economic development. GDP (or Gross Domestic Product) may be compared directly with GNP (or Gross National Product), to see the relationship between a country's export business and local economy.
What Is the Difference Between Gross National Product and Gross Domestic Product? Gross national product accounts for its citizen’s productions both within and outside its borders.
An alternative concept, gross national product, or GNP, counts all the output of the residents of a country. So if a German-owned company has a factory in the United States, the output of this factory would be included in U.S. GDP, but in German GNP. Not all productive activity is included in GDP.
Essentially, GDP looks for the amount of economic activity within a nation’s economy, while GNP looks at the value of the economic activity generated by the nation’s people.
GDP vs. GNP. Gross domestic product (GDP) is another common metric that’s used to measure the economic activity of a country. The main difference is that GDP is limited to activity within a country’s borders.
GDP measures the total value of goods and services produced within a country’s borders, reflecting domestic economic activity. In contrast, GNP measures production by a nation’s residents regardless of location, highlighting the economic contributions of citizens both at home and abroad.