Net national product (NNP) is the total value of finished goods and services produced by a countrys citizens, both domestically and overseas, in a given period, minus depreciation. It is closely related to gross national product (GNP), which is the total market value of all final goods and services produced by the factors of production of a country or other polity during a given time period, minus depreciation. NNP is a more accurate measure of the total value of goods and services produced by a country than GNP.
NNP is a key identity in national accounting, and it is generally used by economists to report on the growth and strength of a nation-state. It can be used to evaluate a countrys growth against others and provide indications of the overall economic state of a country. Despite falling out of use in recent times, it can still provide valuable insights into economic growth and market health.
NNP is calculated by subtracting depreciation from the gross national product (GNP) . It is an important metric for determining the actual growth of a nation and measures how much the country is able to consume in a given period of time.
