GDP vs GNP vs GVA: Clearing Up the Most Confusing Economic Terms
Gross Domestic Product (GDP), Gross National Product (GNP), and Gross Value Added (GVA) are three of the most important indicators used to measure a country’s economic performance. Although these terms are often used interchangeably, each highlights a different aspect of economic activity. Understanding the distinction between them helps investors, policymakers, […]
