GDP stands for Gross Domestic Product. GDP refers to the total amount of goods and services produced in a country in a financial year. It is a very important measure for determining the size of the ...

Gross National Product (GNP) and Gross Domestic Product (GDP) are both key indicators used to measure the economic performance and size of a country’s economy but they differ in their scope and focus.

What’s the difference? Both the gross national product (GNP) and the gross domestic product (GDP) are sum totals of the money-value of goods and services produced over some period of time. The former ...

The total value of all goods and services produced within a country in a year, minus the net income from investments in other countries. Encarta® World English ...