GNP meaning in Business ?

Answer:

What is Gross National Product mean?

The gross national income (GNI), previously known as gross national product (GNP), is the total domestic and foreign output claimed by residents of a country, consisting of gross domestic product (GDP), plus factor incomes earned by foreign residents, minus income earned in the domestic economy by nonresidents (Todaro & Smith, 2011: 44). Comparing GNI to GDP shows the degree to which a nation's GDP represents domestic or international activity. GNI has gradually replaced GNP in international statistics. While being conceptually identical, it is calculated differently. GNI is the basis of calculation of the largest part of contributions to the budget of the European Union. In February 2017, Ireland's GDP became so distorted from the base erosion and profit shifting ("BEPS") tax planning tools of U.S. multinationals, that the Central Bank of Ireland replaced Irish GDP with a new metric, Irish Modified GNI*. In 2017, Irish GDP was 162% of Irish Modified GNI*.

reference

Full Form	Category
Gross National Production	Accounts and Finance
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Gross National Product	Business
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Gross Net Product	General
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Gross Nose Picking	General
Gross National Promises	General
Greater Natural Products	General
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Gross National Pollution	General
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Gross Ned Product	General
Gross National Profit	General
Global Network Positioning	General
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Gross National Potholes	Governmental
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