Prior to 1992, economists generally spoke of Gross National Product (GNP) rather than Gross Domestic Product (GDP). A difference between the two numbers grew with the importance of multi-national companies.
GDP measures output produced in a nation regardless of where the owner of the company doing the production exists, but GNP measures the output of a nation’s firms regardless of where they are located. For example, if Toyota owns a plant in the US, the plant’s production is in included in U.S. GDP and in Japan’s GNP.
We’re hoping GDP growth of 4% will increase the number of available jobs.
Growth in GDP slowed in the fourth quarter of the year.
The United States is the country with the highest total GDP; though not the highest per person.
She argues that GDP growth is the best simple measure of a country’s economic progress; though she concedes that it is not a perfect measure.
The cash flow makes up a whopping 15 percent of El Salvador’s gross domestic product and is Mexico’s second largest contributor to the economy, after oil.
Sonia Nazario -- Enrique’s Journey
In 2005, the annual per capita gross domestic product of the country was a mere four hundred dollars—which ranks it ahead of only the Democratic Republic of Congo and Zimbabwe among nations for which any data is available.
Warren St. John -- Outcasts United
Since the onset of civil war, Burundi’s per capita gross domestic product had fallen from roughly $180 per year to about $80, the lowest in the world, and of course that paltry figure understated the general penury.
Tracy Kidder -- Strength in What Remains
Norberg-Hodge admiringly quotes the king of another Himalayan country, Bhutan, who says the true measure of a nation’s success is not gross national product, but "gross national happiness."
Greg Mortenson & David Oliver Relin -- Three Cups of Tea
A country will take a fee amounting to four times its gross national product to accept a shipment of toxic waste.
Don DeLillo -- Underworld
These countries took young women who previously had contributed negligibly to gross national product (GNP) and injected them into the formal economy, hugely increasing the labor force.