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Net national product

Updated: Aug 20, 2021

The value of the incomes produced by factors of production owned by residents of a country, whether operating domestically or abroad, measured after deducting an estimate of capital consumption. Net national product thus includes the earnings of factors owned by residents and operating abroad, and excludes the earnings of factors operating domestically but owned by non-residents.

Reference: Oxford Press Dictonary of Economics, 5th edt.

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James Knight
Editor of Education
James is a lead content editor for Invezz. He's an avid trader and golfer, who spends an inordinate amount of time watching Leicester City and the… read more.