Definition: GDP is Gross domestic product. For a region, the GDP is "the market value of all the goods and services produced by labor and property located in" the region, usually a country. It equals GNP minus the net inflow of labor and property incomes from abroad.
A key example helps. A Japanese-owned automobile factory in the US counts in US GDP but in Japanese GNP.
Terms related to GDP / Gross Domestic Product:
About.Com Resources on GDP / Gross Domestic Product: Journal Articles on GDP / Gross Domestic Product:
