Gross National Product (GNP)
Gross National Product (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 country's economic health and performance. It helps policymakers and economists assess the overall productivity and living standards of a nation's residents. GNP can be contrasted with Gross Domestic Product (GDP), which focuses solely on production within a country's borders.