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A country's annual '''Gross National Product''' (GNP) is the total value of all final goods and services produced withing a year by factors of production owned by the citizens of that country. It doesn't matter where the output is actually produced. The expression "final goods and services" indicates that to avoid double counting, GNP does not include the value of intermediate goods like lumber and steel that go into the production of other goods like homes and cars.

The per capita GNP, or '''Gross National Product''', is the total value of all the goods and services produced by a country in one year, divided by the population. It is usually expressed in US dollars. The average per capita GNP (as of 2006) in developed countries with high-income economies, eg the United Kingdom, is about $23500. In developing countries with middle-income economies it is $2500. In developing countries with low-income economies, it is less than $400.

== See Also ==

== See Also ==

*[[GDP]]

*[[GDP]]

*[[National income]]

*[[National income]]