National income plus capital consumption allowance.
Total market value in current dollars of all goods and services produced within and outside a country during a year plus net income earned abroad by a country's citizens. Formerly called gross national product. Compare .
The total income receivable by the residents and resident institutional units of a country during a period of time before subtracting capital consumption. See Net national income. Gross operating surplus. It is the value attributed to non-labour factors of production before deducting capital consumption.
The dollar value of all goods and services produced by a nation's economy, including goods and services produced abroad.
The total market value of the goods and services produced within a country and abroad in a year is called the GNI. It is the gross domestic product plus what a country's residents earn abroad and minus what is paid out abroad. This term has replaced the term GNP. Source: CIDA and UNDP
Previously known as Gross National Product (GNP), Gross National Income comprises the total value of goods and services produced within a country (i.e. its Gross Domestic Product), together with its income received from other countries (notably interest and dividends), less similar payments made to other countries.
