Difference between revisions of "Gross National Product"
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(New page: 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 coun...) |
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| − | + | 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]] | ||
Revision as of 18:32, June 29, 2007
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.