The total value of new goods and services produced in a given year by a country's domestically owned factors of production, regardless of where. It is "gross" in the sense that, in contrast to NNP, it does not deduct depreciation of previously produced capital.
The gross domestic product ( q.v.) plus net income or loss stemming from transactions with foreign countries including income received from abroad by residents and subtracting payments remitted abroad to nonresidents. GNP is the broadest measurement of the output of goods and services by an economy. It can be calculated at market prices, which include indirect taxes and subsidies. Because indirect taxes and subsidies are only transfer payments, GNP is often calculated at factor cost by removing indirect taxes and subsidies.
A measure of the money value of the goods and services available to the nation from economic activity. GNP can be viewed in terms of expenditure categories, which include purchases of goods and services by consumers and government, gross private domestic investment, and net exports of goods and services. The goods and services included are largely those bought for final use (excluding illegal transactions) in the market economy. A number of inclusions, however, represent imputed values, the most important of which is rental value of owner-occupied housing. GNP, in this broad context, measures the output attributable to the factors of production, labor, and property supplied by U.S. residents.
The GNP of a country is an economic statistic which defines the total amount of money of the citizens of a country internationnally.
The total value of all goods and services produced in the country, reported for periods up to one year.
(GNP) Is GDP plus income accruing to domestic residents from overseas investments less income earned domestically accruing to foreigners abroad.
The gross national product of a country is the total amount of goods and services produced by the labor and capital supplied by a country, regardless of whether it is located within the borders of the country. For example, the salary of an American working in Belgium counts in the American GNP, whereas it counts in the Belgian GDP because it is within Belgian borders.
GDP plus net property income and profits from abroad.
GDP plus production and income from nationals abroad.
See gross national income.
Gross National Product is a measure of an economy's total output. It is the sum of the money values of all the final goods and services produced in a year by the residents and nationals of a particular country regardless of where they are domiciled. It's different to GDP because GDP does not include income earned abroad; it's the market value of final goods and services produced within a nation's borders. The preceding definition of GNP is often referred to as 'nominal GNP' because it doesn't take account of inflation. 'Real GNP' is nominal GNP adjusted to take account of inflation.
GDP plus the income accruing to domestic residents as a result of investments abroad, minus the income earned in domestic markets accruing to foreigners abroad. see also Net Domestic Product.
The sum total of all goods and services produced in a national economy. Gross domestic product (GDP) is used to distinguish economic activity within a country from that of off-shore corporations.
The total dollar value of all goods and services produced in a country in a year.
The most commonly used measurement of the wealth of a country. The GNP is the total value of goods and services produced within a country together with income received from other countries (notably interest and dividend payments, minus similar payments made to other countries). For many developing countries, interest and dividend payments to foreigners are normally more than similar receipts. In these circumstances, the national product is less than the domestic product.
the sum of all goods and services produced by a nation's industries in a year
Total market value of the finished goods and services manufactured within the country in a given financial year, plus income earned by the local residents from investments made abroad, minus the income earned by foreigners in the domestic market.
a measure of the incomes of residents of a country, including income they receive from abroad but subtracting similar payments made to those abroad
The GNP of a country is its Gross Domestic Product ( qv), plus the total of net income from abroad.
a measure of the nation's overall economic productivity.
Value of all goods and services produced in a country in one year, plus income earned by its citizens abroad, minus income earned by foreigners in the country.
The sum of gross value added by all resident producers plus any taxes (less subsidies) that are not included in the valuation of output plus net receipts of primary income (employee compensation and property income) from nonresident sources.
Total monetary value of goods and services produced in a year by the nationals, or residents, of a country. It includes income that nationals earn abroad, but does not include income earned within a country by foreigners.
the value of all goods and services produced by a country during a given period. It includes all production by facilities owned by a nation's citizens, even if the facilities are in another country.80
Total value of goods and services produced each year by a country. Real growth in GNP measures the increase in output after subtracting the effect of inflation. Hedging Insuring against price fluctuations by taking equal and opposite positions in two different markets, eg in futures and cash markets.
GNP is a measure of an economy's output of goods and services which includes ODF plus income earned by residents from their overseas investments, less income earned within the domestic economy by overseas residents.
Gross domestic product plus receipts of factor income from the rest of the world minus the payments of factor income to the rest of the world.
Comprises GDP plus net factor income from abroad, which is the income residents receive from abroad for factor ser- vices (labour and capital), less similar payments made to non-residents who contribute to the domes- tic economy.
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)
A nation's gross national product measures the economy's total income for that nation. It is similar to the nation's gross domestic product except the fact that it includes the goods and services produced abroad by U.S. residents and companies and exculdes the incomes of foreign companies and residents in the nation.
The annual income earned by U.S. owned firms and U.S. residents
(GNP) is, like gross domestic product, a measure of aggregate national production. There are two differences between the two measures, both of which concern foreign transactions. GNP includes foreign earnings of U.S. corporations and earnings of U.S. residents working overseas; GDP does not include these items. Conversely, GDP includes earnings from current production in the United States that accrue to foreign residents and foreign-owned firms, while GNP excludes these items. hyperinflation is a period when the price level explodes. In the worst hyperinflation, inflation rates reach several thousand percent per month. Hysteresis is the property that, when a variable is shocked away from an initial value, it shows no tendency to return even when the shock is over. Persistently high unemployment rates in many European countries have led economists to argue that unemployment exhibits hysteresis.
total market value of all goods and services produced per year in a country.
GNP is the total value of goods and services produced by the residents of a country. In most countries GDP and GNP are virtually the same. But the difference can be large in countries that are major net recipients ( Ireland, Singapore) or donors ( Kuwait) of foreign investment.
The market value of all final goods and services produced by resources supplied by U.S. residents and firms regardless of location.
Total expenditure in a year on goods and services produced by Canadians wherever in the world that activity takes place.
(GNP)—The value of all final goods and services produced during a year by the factors of production in a country. It is the sum of expenditures by consumers and governments, gross investment spending, and total merchandise exports less imports. It is a measure of the gross value added by all of the economic agents in the economy. A related concept is net national product, which subtracts out depreciation of investment and thus is equal to net value added of all consumption, government spending, net investment, and exports minus imports. Gross national income (GNI) is equal to gross national product, but measures the income produced by the gross national product rather than the value of the product itself. Thus GNI is equal to wages and salaries, rents, and profits from all economic entities in an economy.
The value of all goods and services produced by Canadian nationals, whether at home or abroad. It is equal to Gross Domestic Product plus profits and interest on Canadian investments in other countries, minus profits and interest paid to foreign holders of Canadian investments.
The most wide ranging measure of the country′s production, this statistic is used as an economic indicator, and includes the market value of all goods and services newly produced nationwide.
This is the value of all goods and services produced by a country per year, including overseas transactions. It varies slightly from GDP, has been more widely used in the international economic community, and has recently been adopted for most official reporting in the United States. The GNP for 1991 was $5.695 trillion.
(GNP): Measures the market value of total output of final goods and services produced by a nation's factors of production, regardless of location of those factors, i.e., in the country or abroad, during a given time period, usually a year. Earnings from capital owned by nationals but located abroad (mostly interest and dividend receipts) are included, while earnings in the country by factors owned by foreigners are excluded.
The yearly measure of the total goods and services produced in the country and the income received from overseas investments.
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 who are working abroad, minus income of non-residents located in that country. It is essentially the measurement of the value of all goods and services produced by a country's citizens regardless of their location. Its difference with Gross Domestic Product (GDP) is that GDP measures the total production within a country regardless of the citizenship of the producer.
Monetary value of the goods and services produced in a nation during one calendar year.
(GNP): The market value of all final goods and services produced with the factors of production owned by a nation in a year.
GDP plus the income residents receive from abroad for factor services (labor and capital), less similar payments made to non-residents who contribute to the domestic economy.
(GNP): A measure of the value added to an economy as a result of human activity. It includes the value of output of goods and services by firms outside the country owned by residents and the remittance of funds to the country from these entities but excludes the value of output of goods and services by foreign-owned firms in the country. Like the measure of GDP, it does not include the depreciation of man-made capital nor the depletion or degradation of renewable natural resources.
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.
see Gross Domestic Product
the dollar value of all goods and services produced in a nationâ€(tm)s economy. It includes the income from goods and services produced abroad.
Gross Domestic Product plus the income accruing to domestic residents as a result of investments abroad less income earned in domestic markets accruing to foreigners abroad.
Gross domestic product plus " factor income from abroad" - income earned from investment or work abroad.
The total output of goods and services produced by the nationals of an individual country or region.
The total value of products or services produced by a country. It is similar to GDP, but GNP includes a nation's investments abroad and is considered a less accurate measure of a country's economic productivity.
The total value of goods and services produced by the economy in a given period. It is a primary indicator of an economy's status. "Real GNP" measures economic production that is adjusted for inflation. Real GNP and GNP figures are stated on an annual basis and are updated every quarter. See: Consumer Price Index; Deflation; Economic Growth Rate; Inflation; Producer Price Index; Recession
the value of all final goods and services produced by its factors of production and sold on the market in a given time period. GNP is the sum of all of a country's production both domestic and abroad, minus foreign production within that country.
The total value of all goods manufactured in a country in a calendar year.
The total value of goods and services produced in the US economy over a particular period of time, usually one year. The GNP growth rate is the primary indicator of the status of the economy. GNP is made up of government and consumer purchases, private domestic and foreign investments in the US and the total value of exports.
A measure of the market value of all goods and services produced by the labor and property of a nation.
The wealth of a country. Its total income divided by its total population.
The market value of goods and services produced by labor and property supplied by U.S. residents, regardless of where they are located.
The total value of goods and services produced by the nation's economy before deduction of depreciation charges and other allowances for capital consumption. It includes the total purchases of goods and services by private consumers and government, gross private domestic capital investment, and net foreign trade.
The Gross National Product is the broadest measure of the nation's production. It measures the market value of all newly produced goods and services in the United States. When GNP is down, it shows a slowing down in the economy. To counteract this, the Federal Reserve may loosen money by lowering interest rates. Bond Market Moves Up In Prices.
Gross National Product is the Gross Domestic Product plus the income earned by Australian residents from their overseas investments less the income earned by non-residents from Australian investments.
GNP - the total income earned by members of a nation, not including foreiners but including members abroad; also the total expenditures on goods produced by members of a nation
A country's total volume of goods and services produced, taking into account the depreciation (the decline in the value of good over time).
The total production of goods and services in the United States over a one-year period, as measured by current prices.
The total market value of all the goods and services produced by a nation during a specific period of time.
An economic statistic which includes GDP plus any income earned by residents from their overseas investments, minus income earned within the domestic economy by overseas residents.
The total value of all goods and services produced in the U.S. over a designated amount of time usually one year. The GNP serves as an excellent indicator of the overall state of the economy. The GNP is made up of Government Expenditures, consumer purchases, investments from both U.S. and foreign citizens, and Net Exports.
The total value of goods and services produced by an economy over a particular period of time. GNP is made up of consumer and government purchases, private, domestic and foreign investments in the country and the total value of exports
The value of all goods and services accruing to Canadians in a given year. It equals Gross Domestic Product, plus income of Canadians from foreign production, less income from Canadian production earned by non-residents (such as interest and dividends paid to foreign lenders).
GNP): The total market value of the goods and services produced by a nation before deduction or depreciation charges and other allowance for capital consumption and is widely used as a measure of economic activity.
Usually shortened to GNP The market value of the goods and services produced by a country in a year. The GNP of the major economies are normally reported quarterly and these figures are carefully examined by the market. Formerly called Gross Domestic Product.
The total value of goods and services produced by the economy in a given period. "Real GNP" measures economic production in constant dollars; which takes into account the effect of inflation.
A measure of a nation's aggregate economic output. Since 1991 GDP, a slightly different calculation, has replaced GNP as a measure of U.S. economic output.
the Gross Domestic Product adjusted with the net factor income from the rest of the world. It refers to the aggregate earnings of the factors of production (nationals) plus indirect taxes (net) and capital consumption allowance.
The total market value, in terms of current dollars, of all final goods and services produced in the US in one year.
A country's total output of goods and services from all forms of economic activity measured at market prices for a calendar year.
refers to the total market value of the finished goods and services produced in the country in a given year, plus the income of domestic residents from investments made abroad, minus the income earned by foreigners abroad from the domestic market.
The total market value of all final goods and services produced by an economy during a year. Obtained by adding gross domestic product (GDP-- q.v.) and the income received from abroad by residents and then subtracting payments remitted abroad to nonresidents. Real GNP is the value of GNP when inflation has been taken into account.
The total market value of all goods and services produced in a given period by labor and property supplied by residents of a country, regardless of where the labor and property are located. GNP differs from GDP primarily by including the excess of capital income that residents earn from investments abroad over capital income that nonresidents earn from domestic investment.
The market value of all final goods and services produced for consumption in society during a given time period (usually a year) by nationals no matter where they are located.
The total monetary value of all goods and services produced by a national economy over one year, plus the net income from foreign investments.
A measure of the value of a nation's output of goods and services during a particular time period produced by domestic assets. It thus includes the revenues from the country’s business operations conducted abroad, as well as earnings from foreign investments. Nominal GNP measures the value of output expressed in present day prices, while Real GNP measures output value in constant prices (i.e. taking account of inflation). The latter is the better indicator of the country’s economic growth. Français: Produit National Brut (PNB) Español: Producto Nacional Bruto (PNB)
A measure of the market value of all goods and services produced within the boundaries of a nation plus receipts from foreign business activities and investments beyond the national boundaries.
The total value of goods and services produced within a country's borders and the income received from abroad by residents, minus payments remitted abroad by nonresidents. Usually computed over a one-year period.
The dollar value of all goods and services produced in a nation's economy. Unlike gross domestic product, it includes goods and services produced abroad.
The total value of a nation’s yearly output of goods and services
The total dollar value of final goods and services produced by the economy. When the proper accounting adjustments are made, this is equivalent to adding up total income and taxes in the economy; or total final sales plus the change in inventory stock; or the total value of each industry's output. Real GNP is the figure derived by deflating each component of GNP for the increase in prices since an arbitrary base period (currently 1972) and adding up the results. The relationship between this total and the actual dollar GNP yields the implicit GNP price deflator that is commonly cited as a measure of general price change.
A measure of a nations output; the total value of all final goods and services produced during a period of time.
The aggregate value of all goods and services produced in an economy over a fixed period of time (usually a year). GNP is a primary indicator of economic activity.
The value of GDP, plus any overseas income earned by residents, minus domestic income earned by overseas residents.
The market value of all goods and services produced in a nation in a given year.
The total value of goods and services produced by a country in a given period. Real GNP measures economic production in constant dollars, taking into account the effect of inflation.
Also known as the Gross Domestic Product; it is the measure of goods and services produced by the nation during any one calendar year.
Total value of all goods and services produced in a given country, including the income accruing to domestic residents that result from investments abroad.