Business

Learn About Gross National Product: Definition and Formula for Calculating GNP

Written by the MasterClass staff

Last updated: Aug 19, 2021 • 3 min read

There are a variety of ways to calculate the national income of a country, all of which attempt to determine the total market value of all goods and services produced in a country over a specific period of time.

One method for measuring national income is the gross national product—or GNP.