(GNP) The most commonly used measurement of the wealth of a country. GNP is defined as the total value of all goods and services produced by firms owned by the country concerned. It is measured as the gross domestic product plus income from abroad, minus income earned during the same period by foreign investors within the country; see also national income.
Former measure of the US economy; the total market value of goods and services produced by all citizens and capital during a given period (usually 1 yr); SYN. GNP.