But until 1991, the government used gross national product, or GNP, as its featured measure. Why did it switch? First, it can be hard to get the difference straight between GDP and GNP.

Economists use many abbreviations. One of the most common is GDP, which stands for gross domestic product. It is often cited in newspapers, on the television news, and in reports by governments, ...

Under Biden’s budget plan for fiscal 2024, the gross national debt would surge to nearly $51 trillion as of the year 2033 — up from its current level of roughly $31.5 trillion.

The CBO estimated that gross national product (GNP) per person, a measure of average income, is about $84,400 this year. If the debt is stable relative to the size of the economy at 99%, ...

Australian gross domestic product expands in September quarter. New figures have revealed the state of the Australian economy as inflation soars, with the Treasurer delivering an ominous message.

There's one statistic that rules them all when it comes to keeping track of the economy: gross domestic product (GDP). It's the sum of all final transactions, so all the goods or services bought ...

New data from the Treasury Department released Friday afternoon showed that the gross national debt hit $36,034,994,586,981.97. The $36 trillion debt milestone comes just months after the U.S ...

Decades after Bhutan introduced its Gross National Happiness index, the idea that gross domestic product is an inadequate indicator of human well-being and social progress is gaining ground.

In a report titled Nigeria Gross Domestic Product Report Q1 2023, the National Bureau of Statistics showed that aggregate GDP stood at N51.2 trillion, higher than the N45.3 trillion recorded in ...

Economists use many acronyms. One of the most common is GDP, which stands for gross domestic product. It is often cited in newspapers, on the television news, and in reports by governments, central ...