Difference between GDP and GNP

Distinguish, differentiate, compare and explain what is the difference between GDP and GNP. Comparison and Differences.

Differences between GDP and 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.


Difference between GNP vs GDP


Differences between GNP vs GDP

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