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Distinguish, differentiate, compare and explain what is the difference between GDP and GNP. Comparison and Differences.
Differences between GDP and GNP
| S.No. | GDP | GNP |
| 1 | GDP stands for Gross Domestic Product. | GNP stands for Gross National Product. |
| 2 | It is a geographic concept. | It is a economic concept. |
| 3 | GDP shows the strength of the countries domestic economy. | GNP shows the contributions of residents towards the country. |
| 4 | GDP measures the domestic levels of production of goods and services in the given period of time. | GNP measures the level of production in given period of time of any person or corporation belonging to a country. |
| 5 | GDP is location based. | GNP is citizenship based. |
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Difference between GNP vs GDP
GDP vs GNP
Differences between GNP vs GDP
