Gross national income (GNI)

Definition

Gross National Income (GNI) encompasses the total amount of money earned by a country's residents and businesses, including earnings from foreign investments, minus payments made to non-residents. It provides a broad picture of an economy's income generated both domestically and abroad.

Related terms

Gross Domestic Product (GDP):

The total value of all goods and services produced within a country's borders in a specific time period.

Purchasing Power Parity (PPP): A method used to compare economic productivity and standards of living between countries, adjusting for differences in price levels.

Income Inequality:

The uneven distribution of income within a population, often measured by metrics like the Gini coefficient