Market terms Glossary

Simple definitions to international markets trading terminology.

Gross National Product

Gross domestic product plus "factor income from abroad" - income earned from investment or work abroad.

Gross Domestic Product

Total value of a country's output, income or expenditure produced within the country's physical borders.


The difference between the actual real GNP and the potential real GNP. If the gap is negative an economy is overheated.

GNP Deflator

Removes inflation from the GNP figure. Usually expressed as a percentage and based on an index figure.


The seven leading industrial countries, being US , Germany, Japan, France, UK, Canada, Italy.


The five leading industrial countries - US, Germany, Japan, France, UK.


G7 plus Belgium, Netherlands and Sweden, a group associated with IMF discussions. Switzerland is sometimes peripherally involved.