GNP

Noun

Meaning

former measure of the United States economy; the total market value of goods and services produced by all citizens and capital during a given period (usually 1 yr)

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Examples

Agriculture and livestock contribute to 45% of the GNP. Source: Internet

Although in the early years of the 21st century Luxembourg enjoyed one of the highest GNP per capita in the world, this was mainly due to the strength of its financial sector, which gained importance at the end of the 1960s. Source: Internet

"A tariff increase will take its toll, having a drastic negative effect on the Gross National Product (GNP); Gross Domestic Product (GDP), disposable income, consumption, consumer price index, employment, government revenue from corporate taxation etc. Source: Internet

By 2011 per-capita GNP, adjusted for purchasing power parity (PPP), had risen to $37,000, contributing to a Human Development Index (HDI) equivalent to that of other developed countries. Source: Internet

By 1990, the year the Comoros concluded negotiations with the IMF for an economic restructuring program, the republic's total external public debt was US$162.4 million, an amount equal to about three-quarters of GNP. Source: Internet

Earlier, the Green Party of Nigeria (GNP) withdrew its petition against the APC on Jan. Source: Internet

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