Gross National Product (GNP) Measure
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A Gross National Product (GNP) Measure is a market value measure of all the products and services produced in one year by labor and property supplied by the citizens of a national economy.
- Context:
- …
- Example(s):
- U.S. GNP: ~$20.64 trillion
- China GNP: ~$13.18 trillion
- Japan GNP: ~$5.23 trillion
- Germany GNP: ~$3.91 trillion
- …
- See: Gross Domestic Product.
References
2022
- (Wikipedia, 2022) ⇒ https://en.wikipedia.org/wiki/Gross_national_income Retrieved:2022-3-2.
- The gross national income (GNI), previously known as gross national product (GNP), is the total domestic and foreign output claimed by residents of a country, consisting of gross domestic product (GDP), plus factor incomes earned by foreign residents, minus income earned in the domestic economy by nonresidents. Comparing GNI to GDP shows the degree to which a nation's GDP represents domestic or international activity. GNI has gradually replaced GNP in international statistics. While being conceptually identical, it is calculated differently. GNI is the basis of calculation of the largest part of contributions to the budget of the European Union. In February 2017, Ireland's GDP became so distorted from the base erosion and profit shifting ("BEPS") tax planning tools of U.S. multinationals, that the Central Bank of Ireland replaced Irish GDP with a new metric, Irish Modified GNI (or "GNI*"). In 2017, Irish GDP was 162% of Irish Modified GNI.
2020
- https://worldpopulationreview.com/country-rankings/gnp-by-country
- QUOTE: ... The key difference between GDP and GNP is that GDP looks at the value of goods and services produced within a country’s borders, while GNP considered how a country’s nationals are contributing to its economy. GNP does not include the output of foreign residents; therefore, any output by foreign residents must be excluded from the GNP calculation. <> It is a good idea to look at both GDP and GNP when looking at a country’s economy. ...
... The ten countries with the highest GNPs are:
- QUOTE: ... The key difference between GDP and GNP is that GDP looks at the value of goods and services produced within a country’s borders, while GNP considered how a country’s nationals are contributing to its economy. GNP does not include the output of foreign residents; therefore, any output by foreign residents must be excluded from the GNP calculation. <> It is a good idea to look at both GDP and GNP when looking at a country’s economy. ...
United States - $20.64 trillion China - $13.18 trillion Japan - $5.23 trillion Germany - $3.91 trillion United Kingdom - $2.77 trillion France - $2.75 trillion India - $2.73 trillion Italy - $2.04 trillion Brazil - $1.90 trillion Canada - $1.67 trillion