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/
National income is a part of GDP. GDP is a broader term.
GDP
GDP (Gross Domestic Product) measures the total value of goods and services produced within a country's borders. GNP (Gross National Product) includes the income earned by a country's residents, both domestically and abroad. GNI (Gross National Income) is similar to GNP but also considers net foreign income. The key difference between GDP, GNP, and GNI lies in what they measure - GDP measures production within a country, GNP measures income earned by residents, and GNI includes net foreign income. While GDP and GNP focus on production and income, GNI provides a more comprehensive view by accounting for net foreign income.
GDP
GDP Gap measures the percent difference in Real and Potential GDP
National income is a part of GDP. GDP is a broader term.
GDP
GDP (Gross Domestic Product) measures the total value of goods and services produced within a country's borders. GNP (Gross National Product) includes the income earned by a country's residents, both domestically and abroad. GNI (Gross National Income) is similar to GNP but also considers net foreign income. The key difference between GDP, GNP, and GNI lies in what they measure - GDP measures production within a country, GNP measures income earned by residents, and GNI includes net foreign income. While GDP and GNP focus on production and income, GNI provides a more comprehensive view by accounting for net foreign income.
GDP
GDP Gap measures the percent difference in Real and Potential GDP
nominal GDP and real GDP.
The (PPP) per capita GDP of Germany is $34,212.
The (PPP) per capita GDP of Germany is $34,212.
1998 - $ 650 2008 - $ 2450
National income
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Economic growth is the increase of per capital GDP or other measures of aggregate income, typically reported as annual rate of change in real GDP. A variety of measures of national income/output are used in economics to estimate total economic activity in a country or region, including gross domestic product (GDP), gross national product (GNP), & net national income (NNI).