Gross National Product
a.k.a. GNP, Gross national income
The total income earned by a country's residents and companies, at home or abroad.
In plain English
The total income earned by a country's residents and companies, at home or abroad.
GNP is GDP plus income residents earn from abroad, minus income foreigners earn inside the country. It focuses on who owns the production, not where it happens.
For most big economies the difference is small; for places with lots of foreign-owned companies, like Ireland, it can be large.
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