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gross national product
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gross national product

Measure of a country's total economic activity, or the wealth of the country. GNP is usually assessed quarterly or yearly, and is defined as the total value of all goods and services produced by firms owned by the country concerned. It is measured as the gross domestic product plus income earned by domestic residents from foreign investments, minus income earned during the same period by foreign investors in the country's domestic market. GNP does not allow for inflation or for the overall value of production. It is an important indicator of an economy's strength.

The estimated 1997 GNP of all the world's nations is approximately $18 trillion.

National income is equal to gross national product, minus an allowance for replacement of ageing capital stock.



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? Mentioned in ? References in periodicals archive
 
The top three wealthiest people had mutual assets that exceeded the combined gross national products of the world's 48 "least developed countries.
It's a poor world, after all by CLARKE, KEVIN / U.S. Catholic
In comparison to the ecosystems' worth, the researchers report in the May 15 Nature, the world's annual gross national products total about $18 trillion.
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AIDS has led to a loss of productivity among young people, a drop in life expectancy of up to 10 years, and declining gross national products in many countries in Africa, Piot said.
MORE THAN 3 MILLION CONTRACTED HIV WORLDWIDE IN '96, HEALTH OFFICIALS ... by Daily News (Los Angeles, CA)
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