Gross National Product Definition. Gross National Product, or GNP, is a measure of a country’s economic performance and consists of the market value of all goods and services produced by the residents of a particular country. It includes the income of those residents earned by corporations owned overseas and from working abroad. It is also equivalent to Gross Domestic Product plus profits made by domestic firms overseas, as well as the share of reinvested earnings in domestic firms’ foreign-based operations. GDP defines its scope according to location, while GNP defines its scope according to ownership. GNP is also referred to as Gross National Income, or GNI. In 1991, the United States switched from using GNP to using GDP as its primary measure of production.
Forextraders' Broker of the Month
ForexTime (FXTM) is an award-winning platform that certainly has the feeling of being set up by people who know what they are doing. The firm demonstrates an understanding of what helps traders make better returns, and its success can be measured by the fact that it's doubled the number of clients it supports in recent years. The fact that the broker has grown to have more than two million accounts suggests it is getting things right for clients.