AP MacroeconomicsInternational & Development Economics
Gross National Product (GNP)
GNP is the total value of goods and services produced by a country's residents, wherever in the world they produce them.
Unlike GDP, which counts output produced within a country's borders, GNP counts output by a nation's people and firms regardless of location. GNP = GDP + income earned abroad by residents − income earned domestically by foreigners.
Formula / Example
GNP = GDP + net income earned abroad by residents.