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  • The Differences Between GDP and GNP

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    Hadirah Hanafi
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    GDP and GNP both measure the market value of final goods and services, but GDP refers to production within a country's borders while GNP refers to production by a country's citizens regardless of location. Specifically, GDP includes production by foreigners living inside a country but excludes production by that country's citizens living abroad, whereas GNP excludes production by foreigners living inside a country but includes production by that country's citizens living abroad.

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    GDP&GNP

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    GDP and GNP both measure the market value of final goods and services, but GDP refers to production within a country's borders while GNP refers to production by a country's citizens regardless of location. Specifically, GDP includes production by foreigners living inside a country but excludes production by that country's citizens living abroad, whereas GNP excludes production by foreigners living inside a country but includes production by that country's citizens living abroad.

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    19 views1 page

    The Differences Between GDP and GNP

    Uploaded by

    Hadirah Hanafi
    GDP and GNP both measure the market value of final goods and services, but GDP refers to production within a country's borders while GNP refers to production by a country's citizens regardless of location. Specifically, GDP includes production by foreigners living inside a country but excludes production by that country's citizens living abroad, whereas GNP excludes production by foreigners living inside a country but includes production by that country's citizens living abroad.

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    © All Rights Reserved
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    The differences between GDP and GNP

    Gross Domestic Product (GDP) Gross National Product (GNP)

    1) Definition: Gross Domestic Product (GDP) is the market 1) Definition: Gross National Product (GNP) is the market
    value of all the final goods and services produced by value of all the final goods and services produced by
    FOP’s located within a country citizen of a country whether they live in the country or
    abroad

    2) Country specific 2) Specific nationality

    3) Include the market value of the production by the 3) Include the market value of the production by the
    foreigners who live inside the country citizens of the country who live abroad

    4) Exclude the market value of the production by the 4) Exclude the market value of the production by the
    citizens of the country who live abroad foreigners who live inside the country

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