Gross National Product, or GNP, measures the total economic output produced by a country's residents, regardless of where that production occurs. It includes the value of all goods and services produced by the nation's citizens and businesses, both domestically and abroad, over a specific time period, usually a year. GNP is an important indicator of a nation's economic health and performance. It helps policymakers and economists assess the overall economic activity and living standards of a country's residents. By comparing GNP with other metrics, such as GDP (Gross Domestic Product), analysts can gain insights into the economic well-being of a nation.