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Message: <blockquote data-quote="SANI99" data-source="post: 12408385" data-attributes="member: 396535">GDP vs. GNPWhile the GDP is limited by geographic borders, the GNP is bounded by ownership. The income, for example, of a Filipino citizen working as an OFW in Saudi Arabia would NOT be counted in the Philippines’ GDP but will be included in the country’s GNP. Similarly, that OFW’s income would be counted as part of Saudi Arabia’s GDP but not part of GNP since the OFW is not a Saudi citizen.An easy memory device to differentiate the two was taught to us by our high school Economics teacher. Consider GDP as Gawa Dito sa Pinas, meaning the economic output counted is limited to the Philippine boundaries regardless of ownership. GNP, on the other hand, can be remembered as Gawa Ng Pinoy, which refers to all output produced by Filipino citizens or Filipino enterprises wherever they may be.</blockquote>

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