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| '''Gross national product''' ('''GNP''') is the market value of all the products and services produced in one year by labour and property supplied by the citizens of a country. Unlike ] (GDP), which defines production based on the geographical location of production, GNP allocates production based on location of ownership. | |||
| GNP does not distinguish between qualitative improvements in the state of the technical arts (e.g., increasing computer processing speeds), and quantitative increases in goods (e.g., number of computers produced), and considers both to be forms of "economic growth".<ref>Daly, Herman E. (1996), ''Beyond Growth''. Beacon Press</ref> | |||
| When a country's capital or labour resources are employed outside its borders, or when a foreign firm is operating in its territory, GDP and GNP can produce different measures of total output. In 2009 for instance, the ] estimated its GDP at $14.119 trillion, and its GNP at $14.265 trillion.<ref>{{cite web |url=http://www.federalreserve.gov/Releases/Z1/Current/annuals/a2005-2009.pdf |title=Flow of Funds Accounts of the United States |date=17 September 2010 |publisher=Board of Governors of the Federal Reserve System |page=9 |format=PDF}}</ref> | |||
| ==Use== | |||
| The ] used GNP as its primary measure of total economic activity until 1991, when it began to use GDP.<ref>{{cite web |url=http://www.bea.gov/glossary/glossary.cfm?key_word=GNP&letter=G#GNP |title=BEA: Glossary "G" |date=5 September 2007 |publisher=Bureau of Economic Analysis}}</ref> In making the switch, the ] (BEA) noted both that GDP provided an easier comparison of other measures of economic activity in the United States and that "virtually all other countries have already adopted GDP as their primary measure of production."<ref name=announcement>{{cite web |url=http://www.bea.gov/scb/pdf/NATIONAL/NIPA/1991/0891od.pdf |title=Gross Domestic Product as a Measure of U.S. Production |date=August 1991 |format=PDF}}</ref> | |||
| ==See also== | |||
| * ] | |||
| ==References== | |||
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| ==Sources== | |||
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| ==External links== | |||
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