GDP (Gross Domestic Product) is a commonly used calculator of national income and measures the economic activity in a country. Essentially, the GDP is a figure which measures the value of the goods and services produced in a country in a given time period (usually one year).
GNP (Gross National Product) is also a calculator of economic activity. However, GNP also encompasses the value of net income made abroad. Moreover, when calculating GNP, the value of what foreign countries earn in the given country is subtracted from the value.
To clarify, let us use an example:
If a US business had a manufacturing plant located in China, any profit made by the plant would not be calculated in the GDP, but would be accounted for in the GNP.
If a Canadian business has a manufacturing plant located in the US, any profit made by the plant would be included in GDP, however it would be subtracted from the value of the GNP.
Consequently, those both GDP and GNP are measures of economic activities, the two values can be extremely different.
Remember, GDP concern is BORDER, whereas GNP concern is PRODUCER.
Read more at : http://financenmoney.in/the-key-indicators-of-economic-growth-gdp-gross-domestic-product-and-gnpgross-national-product/
this is a country with highest gdp
Singapore has the highest GDP per capita in Asia
Singapore
i think its Greece when compared to their GDP
Liechtenstein.
The country with the highest GDP is currently the United States.
this is a country with highest gdp
Singapore has the highest GDP per capita in Asia
Brazil
Singapore
bolivia
i think its Greece when compared to their GDP
Columbia
Liechtenstein.
Kuwait has the highest GDP per capita.USA = $45,800Hong Kong = $42,000Kuwait = $55,900
Luxembourg of course.
United Arab Emirates