In economics and real estate analysis, Gross National Product (GNP) refers to the total monetary value of all goods and services produced by a country’s residents and businesses during a specific period of time, usually one year. It includes production generated domestically as well as income earned by nationals from investments or work abroad.
GNP is used as an indicator of a nation’s overall economic activity and financial health. Changes in GNP can influence real estate markets by affecting employment levels, consumer income, lending activity, and demand for residential and commercial property.
