Switch to desktop mode for a better experience.
UID: EC-20240211-IN-07
Source
Last Updated
Time Range
Periodicity
Unit
Sector
Next Update
Gross National Income (GNI) measures the total monetary value of all final goods and services produced by the residents of a country over a specific period, typically one fiscal year. It includes the domestic output (GDP) and net income earned from abroad, such as remittances, profits, dividends, and interest received from overseas investments, minus similar payments made to foreign entities. GNI reflects a nation’s overall economic capacity and income-generating power, encompassing both domestic and international economic engagement. Net National Income (NNI), on the other hand, adjusts GNI by subtracting depreciation, which accounts for the wear and tear or obsolescence of fixed assets. NNI provides a clearer picture of sustainable income that is available for consumption and reinvestment, offering a more realistic assessment of a country’s economic health and standard of living.
Please cite this article using proper attribution to 360 Analytika when referencing or sharing our content.
hello@360analytika.com
Siliguri, West Bengal, India
Copyright © 360 Analytika | All Rights Reserved