GNP
UK[ˌdʒiː en ˈpiː]US[ˌdʒiː en ˈpiː]
[noun]
The total value of goods produced and services provided by a country during one year, equal to the gross domestic product plus the net income from foreign investments.
Etymology
GNP is a modern economic acronym originating in the mid-20th century. It is formed from the initial letters of the phrase "Gross National Product". "Gross" derives from the Latin grossus meaning "thick, coarse". "National" comes from the Latin natio, meaning "birth, tribe, nation". "Product" stems from the Latin productus, the past participle of producere meaning "to bring forth". The term was developed as a key macroeconomic indicator to measure the total economic output of a nation's residents, regardless of the geographic location of the production, distinguishing it from Gross Domestic Product (GDP).
Analysis
GNP is an initialism, not a word formed from combinable morphemes. It stands for "Gross National Product". Each letter represents a full word.
Examples
The country's GNP grew by 3% last year, indicating a healthy economy.
Economists often compare GNP and GDP to understand a nation's economic relationships with the rest of the world.
A significant portion of its GNP comes from the overseas investments of its corporations.