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Gross Domestic product per Capita 22 Feb Gross domestic product (GDP) (see also gross domestic income) refers to the market value of all goods and services produced within a country in a given period. It is often considered an indicator of a country's standard of living.[1].[2] Gross domestic product is related to national accounts, a subject in macroeconomics. GDP can be determinedâ¦
Summary: 1. Gross Domestic Product is the value produced within a countryâs borders, whereas the Gross national Income is the value produced by all the citizens. 2. GDP is said to be the measure of a countryâs overall economic output.The GNI is the total value that is produced within a country, which comprises of the Gross Domestic Product along with the income obtained from other countries (dividends, interests).3. Gross Domestic Product helps to show the strength of a countryâs local income.On the other hand, Gross National Income helps to show the economic strength of the citizens of a country. 4. GNI is based on ownership, and GDP is based on location.he GNI is the total value that is produced within a country, which comprises of the Gross Domestic Product along with the income obtained from other countries (dividends, interests). 3. Gross Domestic Product helps to show the strength of a countryâs local income.