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The gross national income (GNI), previously known as gross national product (GNP), is the total amount of factor incomes earned by the residents of a country. It is equal to gross domestic product (GDP), plus factor incomes received from non-resident by residents, minus factor income paid by residents to non-resident.
A variety of measures of national income and output are used in economics to estimate total economic activity in a country or region, including gross domestic product (GDP), Gross national income (GNI), net national income (NNI), and adjusted national income (NNI adjusted for natural resource depletion – also called as NNI at factor cost).
The converted GNI in U.S. dollars is then divided by the country's midyear population to determine GNI per capita. [1] The World Bank prefers the Atlas method for comparing the economic sizes of countries. It is used to categorize countries into low, middle, and high-income groups and to determine their eligibility for loans.
In 2023, the global gross national income totaled $105.7 trillion, according to the World Bank Group. ... and it only used figures for the 60 countries with the highest total wealth. ...
Countries by nominal GNI per capita according to the Atlas method (2018) This is a list of countries by gross national income per capita in 2023 at nominal values, according to the Atlas method, an indicator of income developed by the World Bank. [1] The GNI per capita is the dollar value of a country's final income in a year, divided by its ...
Countries by GNI (PPP) per capita in 2016. This article includes a list of countries of the world and their gross national income (GNI) (formerly GNP) per capita at purchasing power parity (PPP) in 2023, as reported by the World Bank.
GNI is defined in accordance with the European system of national and regional accounts.GNI represents total primary income receivable by resident institutional units: compensation of employees, taxes on production and imports less subsidies, property income (interest, dividends and reinvested earnings from foreign direct investment receivable less payable), gross operating surplus and gross ...
Nonresidential investment includes buildings, machinery, and equipment used for commercial or industrial purposes (small business, agriculture, manufacturing, service, etc.). The last element of Investment accounts for any change in the value of previous investments that are still in use, called inventory.