GNP - Meaning, Definition & English Examples
GNP, or Gross National Product, measures the total economic output of a country’s residents, including income earned abroad. It reflects a nation’s economic health and productivity.
Definition:
Gross National Product; total value of goods and services produced by a nation annually.
Synonyms:
national income, economic output, GDP, economic growth
Part of Speech:
noun
Antonyms:
economic decline, recession, poverty
Common Collocations:
GNP growth, GNP per capita, GNP calculation, GNP statistics
Derivatives:
GNPs (plural), GNP-related (adjective)
Usage Tips:
Use "GNP" when discussing a country's economic performance; avoid confusing it with GDP (domestic vs. national).
Common Phrases:
"GNP per capita, " "GNP growth rate, " "real GNP"
Etymology:
Acronym from "Gross National Product," first used in mid-20th century economics.
Examples:
- 1. The country's GNP increased by 5% last year.
- 2. Economists compare GNP to measure national prosperity.
- 3. A high GNP doesn't always mean wealth is evenly distributed.
- 4. The report analyzed the GNP of developing nations.