Definition: Gross National Product

From New World Encyclopedia

(abbreviated GNP)


gross national product (usually uncountable, plural gross national products)

  1. (economics) The total market value of all the goods and services produced by a nation during a specified period. One of the Measures of national income and output

Usage terms

In international statistics the less ambiguous term gross national income (GNI) has gradually replaced gross national product (GNP).


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