Difference between GDP and GNP

Subject Matter	GDP	GNP
1. Definition	An estimated value of the total worth of a countries production and services, on its land, by its nationals and foreigners calculated over course on one year.	An estimated value of the total worth of a production and services by citizen of a country on its land, or on foreign land calculated over the course one year.
2. Formula	GDP = Conduction + investment + (govt. expending + export – imports)	GNP = GSP + (Net income flow from asset abroad or net income receive) – Net payment outflow to for foreign asset
3. Uses	Business economic forecasting	Business economic forecasting
4. Application	To see the stand of a country local economic	To see how the nationals of a country are doing economically
5. Lamn Uses	Total value of product and services produce within the territorial boundary of a country.	Total value of goods and services produce by all nationals of a country (weather within or outside the country)
6. Country with highest per capita	GDP Bangladesh $1919	GNP Bangladesh $1840