Not to be confused with Gross domestic product. Retrieved 2016-06-23. Retrieved 2011-06-29. Hence, basically speaking, Gross Domestic Product is only a component of Gross National Happiness, through economic development, as identified byHis His Royal Highness of Bhutan back in 1972. Gilbert, M.
(UN 1990: 9) Although the report itself referred to GNP at various points, the initial HDI calculations used Real GDP per capita as its primary measure of economic standard of living. ^ "Gross Domestic Product as a Measure of U.S. Countries above the red line are those where social progress indicators are better than per capita GDP would suggest. Business, Economic Forecasting. He cites the example of privatized mining. United Nations. The difference is how each term interprets what constitutes the economy. Green national product Gross Domestic Product (GDP) Gross National Income (GNI) Gross National Person Product .
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