RP National Income Acts

PER CAPITA: GROSS DOMESTIC PRODUCT, GROSS NATIONAL 
PRODUCT, and PERSONAL CONSUMPTION EXPENDITURE
Annual 2008 and 2009
AT CURRENT AND CONSTANT 1985 PRICES, IN PESOS

 

* - 2000 Based Population Projections, National Statistics Office

Source: National Statistical Coordination Board (NSCB)

PER CAPITA: GROSS DOMESTIC PRODUCT, GROSS NATIONAL 

PRODUCT, and PERSONAL CONSUMPTION EXPENDITURE

Annual 2009 and 2010

AT CURRENT AND CONSTANT 1985 PRICES, IN PESOS

* - 2000 Based Population Projections, National Statistics Office

Source: National Statistical Coordination Board (NSCB) 

Source: National Statistical Coordination Board (NSCB)

What is GNP?

Gross National Product (GNP) is the market value of all products and services produced in one year by labor and property supplied by the residents of a country. Unlike Gross Domestic Product (GDP), which defines production based on the geographical location of production, GNP allocates production based on ownership.

GNP does not distinguish between qualitative improvements in the state of the technical arts (e.g., increasing computer processing speeds), and quantitative increases in goods (e.g., number of computers produced), and considers both to be forms of "economic growth".

What is GDP?

Gross domestic product (GDP) refers to the market value of all final goods and services produced in a country in a given period. GDP per capita is often considered an indicator of a country's standard of living.

GNP vs. GDP

Gross National Product (GNP) is often contrasted with Gross Domestic Product (GDP). While GNP measures the output generated by a country's enterprises - whether physically located domestically or abroad - GDP measures the total output produced within a country's borders - whether produced by that country's own firms or not.

When a country's capital or labor resources are employed outside its borders, or when a foreign firm is operating in its territory, GDP and GNP can produce different measures of total output.

-----JVA-----