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Gross National Income
- Level:
- AS, A-Level, IB
- Board:
- AQA, Edexcel, OCR, IB, Eduqas, WJEC
Last updated 18 Dec 2022
Gross National Income (GNI) is an alternative to gross domestic product (GDP) as a measure of wealth. It calculates income instead of output.
What is Gross National Income (GNI)?
Gross National Income (GNI) is the total amount of money earned by a nation's people and businesses in a given period (usually a year).
How is Gross National Income calculated?
Gross National Income =
Gross Domestic Product
+ net income from abroad of compensation of employees and property income
Why is GNI significantly different for some countries contrasted with their GDP?
For some countries, GNI is augmented by:
- Income from worker remittances
- Income from interest on bonds and savings held overseas
- Income from dividends on profits from overseas investment
- Overseas aid transfers (inflows) for poorer countries
Which countries have the highest GNI per capita?
(Data is in real terms at constant 2017 prices)
- Liechtenstein: $146,830
- Singapore: $90,919
- Qatar: $87,134
- Luxembourg: $84,649
- Ireland: $76,169
- Switzerland: $66,933
- United States: $64,765
- Norway: $64,660
Which countries have the lowest GNI per capita?
(Data is in real terms at constant 2017 prices)
- Burundi $732
- South Sudan $768
- Central African Republic $966
- Congo (Democratic Republic) $1,076
- Mozambique $1,198
- Niger $1,240
- Liberia $1,289
- Yemen $1,314
- Chad $1,364
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