What is the difference between GDP and GNP?

The main difference is that GNP takes into account net income receipts from abroad. GDP is a measure of (national income = national output = national expenditure) produced in a particular country.

GDP = A nation GROSS DOMESTIC PRODUCT withing her shores

GNP = A nation GROSS NATIONAL PRODUCT in relation to international factors

Explanation:

GDP reflects a nation's Gross Domestic Product. Inorder words, It has to do with the nation's output value. How much a nation produces Services. Also, it contains a nation's expenditures, a nation's income. (These income involves both foreign and Multinationa investment)

GDP helps in accessing , scoring and grading a nation's untilization of her resources and how stable it's political powers are from an economic standpoint.

GNP = Gross National Product

It is a broader way of accessing a nation's economy strength with respect to international bodies, international countries and international factors.

GNP is the summation of a nation's GDP and net income from internationals.

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