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Definition of GNP noun from the Oxford Advanced Learner's Dictionary

GNP

noun
 
/ˌdʒiː en ˈpiː/
 
/ˌdʒiː en ˈpiː/
[uncountable, countable]
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  1. the total value of all the goods and services produced by a country in one year, including the total income from foreign countries (the abbreviation for ‘gross national product’)
    • In fact, GNP is not and can never be a measure of welfare.
    • The country is forecasted to witness an increase in GNP.
    • Many low-income countries have a GNP per capita of under $1 000.
    compare GDP
See GNP in the Oxford Advanced American DictionarySee GNP in the Oxford Learner's Dictionary of Academic English
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