Gross National Product (GNP) is the total value of all the final goods and services produced by a nation's economy during a specific period. It is an estimate of the total value of all the final products and services turned out in a given period by the means of production owned by a country's residents. GNP includes GDP, income earned by residents from overseas investments, minus income earned by foreign residents. It is calculated by taking the sum of personal consumption expenditures, private domestic investment, government expenditure, net exports, and any income earned by residents from overseas investments, then subtracting income earned by foreign residents
. GNP measures the monetary value of a country's economic output, including the production of goods and services by the citizens of a country both domestically and internationally, minus income earned by foreign residents
