What are the differences between GDP and GNP?

P

Purkit Kumar Patil

Definition & Difference Between GDP and GNP

GDP

GDP stands for Gross Domestic Product which is concerned with the region in which income is generated. 

  • Relationship Between GDP & GNP
  • GDP = GNP - Net factor income from abroad

GNP

GNP stands for Gross National Product, the national income accounts give us regular estimates of GNP. The basic measure of the economy's performance in producing goods and services.

  • GNP = NNP+Depreciation
  • NNP = Net National Product

gdp and gnp
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