Gross domestic product (GDP) is defined as the "value of all final goods and services produced in a country in one year". On the other hand, gross national product (GNP) is defined as the "value of all (final) goods and services produced in a country in one year, plus income earned by its citizens abroad, minus income earned by foreigners in the country". The key difference between the two is that GDP is the total output of a region, eg. America, and GNP is the total output of all nationals of a region, eg. Americans.
To give an example of the difference between GDP and GNP, and also income, using America:
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