GNP (Gross National Product) refers to the value of all goods and services produced by natives of a country, whether the natives produce the goods and services in the country or abroad.
- GNP is not the same as GDP (Gross Domestic Product). The GDP accounts for the value of all production activities within a country, whether the activities are performed by the natives or foreigners.
- The GNP includes the value of the production activities by nationals or natives of the country, whether natives are producing at home or abroad.
Thus, there is a clear difference between GDP and GNP, as clearly specified above.
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