gross national product

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English

Noun

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 (citizens of a country, whether living at home or abroad) during a specified period.
    Synonyms: GNP, gross national income
    Coordinate term: gross domestic product
    • 1962, Fritz Machlup, The Production and Distribution of Knowledge in the United States, Princeton University Press, →ISBN, page 77:
      Within the two years from 1956 to 1958 the increase of expenditures was 34 per cent in terms of dollar outlays and 28 per cent in terms of the portion of gross national product spent on higher education.
    • 2001, John Beardshaw, Economics: A Student's Guide, Pearson Education, →ISBN:
      Gross domestic product refers to the value of all goods and services produced within the country's boundaries, gross national product also includes net income from investments abroad.

Usage notes

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

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