Gross National Product (GNP) is the total value of all final goods and services produced within a nation in a particular year, plus income earned by its citizens minus income of non-residents located in the country.GNP measures the value of goods and services that the country's citizens produced regardless of their location. GNP is one measure of the economic condition of a country, under the assumption that a higher GNP leads to a higher quality of living, all other things being equal.
In other words, it is an estimate of the total money value of all the final goods and services produced in a given one-year period by the factors of production owned by a particular country's residents. ("Final" goods and services means goods and services sold or otherwise provided to their final consumers -- that is, to avoid double counting, the value of steel sold to GM to make a car is not added separately into the GNP or GDP totals because its value is already included when we add in the final sales price of the car to the customer.)
Gross National Product from 2003 to 2009
(In million pesos : at constant 1985 prices)
|
Year
|
GNP
|
|
2003
|
1,171,431
|
|
2004
|
1,252,331
|
|
2005
|
1,320,000
|
|
2006
|
1,391,289
|
|
2007
|
1,495,589
|
|
2008
|
1,587,797
|
|
2009
|
1,634,682
|
