Gross national income
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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.[2]: 44
In contrast to GDP, GNI is not a concept of value added, but a concept of income. GNI is the basis of calculation of the largest part of contributions to the Budget of the European Union.[3] In February 2017, Ireland's GDP became so distorted from the base erosion and profit shifting ("BEPS") tax planning tools of U.S. multinationals, that the Central Bank of Ireland replaced Irish GDP with a new metric, Irish Modified GNI (or "GNI*"). In 2017, Irish GDP was 162% of Irish Modified GNI.[4]
GNI contrast with net national income : GNI = NNI - Depreciation
The Atlas method can be applied to correct for fluctuating exchange rates.[5]
History and name change
The modern concept of GNP, along with GDP, was first developed by Simon Kuznets for a 1934 U.S. Congress report. Countries like the US and the UK originally preferred GNP as a mesure of economic activity while other like Norway preferred GDP. [6]Overtime communication harmonize around GDP included in the US which switched in 1991.
GNP was defined in the 1953 SNA as :
“the market value of product before deduction of provisions of consumption of fixed capital, attributable to factors of production supplied by normal residents of the given country”
Despite framing GNP as concept of production, the attribution of the value was define by the income earned by owner of the factor of production.
In the 1993 revision to the SNA, GNP definition was reframed from the point of view of the residents receiving income rather than the point of view of the factor of production. To reflect this, GNP was renamed GNI; the “national” part was keep as it is embedded in economic usage, even though the same concept of residence is use to defined both GDP and GNI.[7]
GNP continue to be uses in the National income and product accounts to referd to GNI calculated for expenditure data.
Type of income included in GNI
GNI include the salaries and wages of cross-border commuter and seasonal worker working oversea but do not include remittance send by worker to their family oversea. This explain why France GNI is higher than it’s GDP as a lot of french residents work in Luxembourg, Monaco or Switzerland; while India GNI is lower than it’s GDP despite being the larger receiver of remittance.
GNI also include the propriety income: rent, interest and “profit”. The “profit” included both distributed income of corporation (dividends) and reinvested earning on foreign direct investment, those are profit retained by the corporation. Like in the IMF balance of payments manual they are treated as if they were distributed to foreign direct investors in proportion to their ownership of the equity of the enterprise and then reinvested by them by means of additions in equity.
The GNI of EU countries also included subsided received from the EU institution and excluded tariff as those are received by EU institution.
GNI contrast with Gross national disposable income with included all current transfer income like international cooperation and remittance.
Comparison of GNI and GDP
Country | GNI (Atlas method)[8] | GNI[9] | GDP[10] | ||
---|---|---|---|---|---|
a | a - c | b | b - c | c | |
United States | 26894542.7 | −466392.3 | 27525100.0 | 164165.0 | 27360935.0 |
China | 18899260.2 | 1104478.2 | 17663711.9 | −131070.1 | 17794782.0 |
Japan | 4859877.5 | 646932.4 | 4416932.4 | 203987.2 | 4212945.2 |
Germany | 4559133.2 | 103052.1 | 4634489.3 | 178408.2 | 4456081.0 |
India | 3630236.7 | 80317.8 | 3497821.6 | −52097.4 | 3549918.9 |
United Kingdom | 3266989.6 | −73042.8 | 3296697.0 | −43335.4 | 3340032.4 |
France | 3072463.7 | 41559.7 | 3078891.3 | 47987.2 | 3030904.1 |
Italy | 2244584.9 | −10266.3 | 2250908.4 | −3942.8 | 2254851.2 |
Canada | 2162632.6 | 22547.1 | 2109385.7 | −30699.9 | 2140085.6 |
Russia | 2084758.0 | 63336.6 | 1994419.8 | −27001.6 | 2021421.5 |
Brazil | 1962339.3 | −211326.4 | 2110557.0 | −63108.6 | 2173665.7 |
South Korea | 1835475.7 | 122682.9 | 1744702.6 | 31909.8 | 1712792.9 |
Australia | 1681999.5 | −41827.8 | 1652506.4 | −71320.8 | 1723827.2 |
Spain | 1556447.5 | −24247.2 | 1569858.0 | −10836.8 | 1580694.7 |
Mexico | 1554336.1 | −234550.7 | 1744711.4 | −44175.4 | 1788886.8 |
Indonesia | 1352588.3 | −18582.8 | 1335866.4 | −35304.8 | 1371171.2 |
Netherlands | 1084789.7 | −33335.0 | 1111451.5 | −6673.3 | 1118124.7 |
Saudi Arabia | 1059856.0 | −7726.9 | 1073418.4 | 5835.5 | 1067582.9 |
Turkey | 994012.3 | −114010.1 | 1096809.4 | −11213.0 | 1108022.4 |
Switzerland | 842132.1 | −42808.3 | 857292.6 | −27647.8 | 884940.4 |
Poland | 723682.0 | −87547.1 | 777106.5 | −34122.6 | 811229.1 |
Sweden | 649619.6 | 56351.9 | 616804.9 | 23537.2 | 593267.7 |
Belgium | 644688.2 | 12471.7 | 646019.9 | 13803.3 | 632216.6 |
Argentina | 584110.0 | −56481.4 | 626338.1 | −14253.3 | 640591.4 |
Norway | 565538.2 | 80024.9 | 505660.4 | 20147.1 | 485513.3 |
Israel | 536857.8 | 26956.3 | 508979.3 | −922.2 | 509901.5 |
Thailand | 515549.3 | 604.3 | 502920.8 | −12024.2 | 514945.0 |
United Arab Emirates | 507149.0 | 2975.6 | 503253.8 | −919.6 | 504173.5 |
Austria | 502931.2 | −13102.9 | 514443.6 | −1590.5 | 516034.1 |
Philippines | 496166.2 | 59019.8 | 485154.6 | 48008.2 | 437146.4 |
Bangladesh | 493932.0 | 56516.6 | 454873.5 | 17458.1 | 437415.3 |
Egypt | 439247.2 | 43321.1 | 378607.7 | −17318.4 | 395926.1 |
Denmark | 436283.0 | 32084.2 | 418427.5 | 14228.7 | 404198.8 |
Nigeria | 432496.7 | 69681.8 | 355832.5 | −6982.4 | 362815.0 |
Ireland | 423058.9 | −122570.6 | 421766.9 | −123862.6 | 545629.5 |
Singapore | 417722.2 | −83705.3 | 420675.1 | −80752.4 | 501427.5 |
Iran | 417389.0 | 15884.5 | 401036.3 | −468.3 | 401504.5 |
Hong Kong | 415973.1 | 33918.5 | 416242.1 | 34187.5 | 382054.6 |
Vietnam | 412944.1 | −16772.8 | 407254.0 | −22463.0 | 429717.0 |
Malaysia | 410754.5 | 11105.6 | 387578.2 | −12070.6 | 399648.8 |
South Africa | 407575.9 | 29794.3 | 372625.7 | −5155.9 | 377781.6 |
Pakistan | 360729.3 | 22360.9 | 332603.5 | −5765.0 | 338368.5 |
Colombia | 357640.3 | −5899.9 | 361333.8 | −2206.4 | 363540.2 |
Romania | 317743.0 | −33259.6 | 341578.5 | −9424.1 | 351002.6 |
Chile | 310627.6 | −24905.7 | 318450.1 | −17083.2 | 335533.3 |
Finland | 298118.3 | −2068.9 | 299653.1 | −534.1 | 300187.2 |
Czech Republic | 294826.0 | −36032.4 | 315842.0 | −15016.4 | 330858.3 |
Portugal | 276490.3 | −10589.7 | 281729.0 | −5351.1 | 287080.0 |
Iraq | 254601.2 | 3758.4 | 252096.7 | 1253.9 | 250842.8 |
New Zealand | 253873.8 | 408.1 | 247095.5 | −6370.2 | 253465.7 |
Peru | 240295.2 | −27308.1 | 253910.6 | −13692.7 | 267603.2 |
Greece | 233934.8 | −4271.5 | 236451.9 | −1754.4 | 238206.3 |
Algeria | 226263.4 | −13636.1 | 236495.6 | −3403.9 | 239899.5 |
Kazakhstan | 217777.6 | −43643.6 | 235418.9 | −26002.2 | 261421.1 |
Kuwait | 198885.2 | 37113.0 | 194323.8 | 32551.6 | 161772.2 |
Hungary | 190073.7 | −22315.2 | 206408.0 | −5980.9 | 212388.9 |
Ukraine | 174919.0 | −3838.0 | 184268.0 | 5511.0 | 178757.0 |
Ethiopia | 142605.3 | −21092.6 | 163284.5 | −413.4 | 163697.9 |
Morocco | 142288.8 | 1179.4 | 138989.9 | −2119.5 | 141109.4 |
Slovakia | 123675.8 | −9117.8 | 129363.5 | −3430.1 | 132793.6 |
Ecuador | 118390.5 | −454.4 | 116176.1 | −2668.7 | 118844.8 |
Kenya | 116406.4 | 8965.9 | 105674.4 | −1766.1 | 107440.6 |
Dominican Republic | 109970.1 | −11474.2 | 116006.7 | −5437.6 | 121444.3 |
Oman | 100047.1 | −8145.4 | 100551.0 | −7641.5 | 108192.5 |
Guatemala | 98164.7 | −3885.8 | 100245.8 | −1804.7 | 102050.5 |
Bulgaria | 92955.1 | −8629.3 | 98154.8 | −3429.6 | 101584.4 |
Uzbekistan | 86005.4 | −4883.8 | 90128.1 | −761.0 | 90889.1 |
Puerto Rico | 80926.1 | −36976.2 | 81550.7 | −36351.6 | 117902.3 |
Panama | 80479.7 | −2902.7 | 80057.3 | −3325.1 | 83382.4 |
Ghana | 79823.5 | 3453.1 | 75420.4 | −950.0 | 76370.4 |
Croatia | 79658.8 | −3030.0 | 82762.1 | 73.3 | 82688.8 |
Tanzania | 79293.0 | 134.8 | 77758.4 | −1399.9 | 79158.3 |
Angola | 78319.3 | −6403.7 | 77036.1 | −7686.8 | 84723.0 |
Sri Lanka | 77922.9 | −6434.0 | 81623.4 | −2733.4 | 84356.9 |
Ivory Coast | 77059.7 | −1729.1 | 75606.1 | −3182.7 | 78788.8 |
Costa Rica | 72207.0 | −14291.0 | 79835.0 | −6662.9 | 86497.9 |
Belarus | 71440.1 | −417.3 | 69257.3 | −2600.1 | 71857.4 |
Lithuania | 71291.2 | −6545.2 | 75164.4 | −2672.0 | 77836.4 |
Azerbaijan | 67529.1 | −4827.1 | 69157.1 | −3199.1 | 72356.2 |
Democratic Republic of the Congo | 67082.2 | 699.0 | 64288.3 | −2095.0 | 66383.3 |
Uruguay | 66854.0 | −10386.8 | 71856.3 | −5384.6 | 77240.8 |
Serbia | 66392.7 | −8794.5 | 71011.8 | −4175.3 | 75187.1 |
Myanmar | 65964.1 | 1149.1 | 63663.6 | −1151.4 | 64815.0 |
Slovenia | 64938.3 | −3278.5 | 67196.3 | −1020.5 | 68216.8 |
Turkmenistan | 59682.1 | −205.2 | 59381.9 | −505.5 | 59887.3 |
Luxembourg | 59083.3 | −26671.7 | 58922.1 | −26832.9 | 85755.0 |
Libya | 52179.3 | 1687.6 | 50562.0 | 70.3 | 50491.7 |
Jordan | 50512.7 | −301.0 | 50351.8 | −461.8 | 50813.6 |
Sudan | 47595.1 | −61731.9 | 108427.0 | −900.0 | 109327.0 |
Uganda | 47399.0 | −1873.9 | 48300.2 | −972.7 | 49272.9 |
Cameroon | 47320.1 | −625.5 | 46953.4 | −992.1 | 47945.5 |
Tunisia | 46907.4 | −1622.2 | 47219.7 | −1309.9 | 48529.6 |
Bolivia | 44649.2 | −1200.7 | 44844.2 | −1005.6 | 45849.8 |
Paraguay | 42537.6 | −418.6 | 41585.0 | −1371.3 | 42956.3 |
Nepal | 42332.9 | 1424.8 | 41385.1 | 477.0 | 40908.1 |
Bahrain | 42014.0 | −1191.0 | 40659.8 | −2545.2 | 43205.0 |
Latvia | 41337.1 | −2290.0 | 42515.0 | −1112.1 | 43627.1 |
Estonia | 37217.0 | −3527.9 | 39377.3 | −1367.6 | 40744.8 |
Iceland | 31424.8 | 404.8 | 31707.5 | 687.5 | 31020.0 |
El Salvador | 31320.4 | −2695.2 | 31874.0 | −2141.6 | 34015.6 |
Honduras | 30718.6 | −3681.9 | 31872.8 | −2527.7 | 34400.5 |
Cambodia | 30702.3 | −1070.5 | 30819.4 | −953.4 | 31772.8 |
Senegal | 29421.1 | −1592.9 | 29981.0 | −1033.0 | 31014.0 |
Papua New Guinea | 29337.9 | −1594.6 | 29106.1 | −1826.4 | 30932.5 |
Zimbabwe | 29075.3 | 2537.0 | 26187.2 | −351.0 | 26538.3 |
Cyprus | 28780.3 | −3449.3 | 28974.2 | −3255.4 | 32229.6 |
Trinidad and Tobago | 27538.8 | −601.2 | 27093.9 | −1046.0 | 28139.9 |
Zambia | 27196.3 | −966.3 | 27020.1 | −1142.6 | 28162.6 |
Bosnia and Herzegovina | 26211.2 | −843.7 | 26986.0 | −68.9 | 27054.9 |
Georgia | 25119.5 | −5416.0 | 28505.4 | −2030.1 | 30535.5 |
Palestine | 21800.7 | 4404.4 | 20858.3 | 3462.0 | 17396.3 |
Albania | 20773.7 | −2204.0 | 22674.9 | −302.8 | 22977.7 |
Haiti | 20425.7 | 574.8 | 19855.1 | 4.3 | 19850.8 |
Botswana | 20389.2 | 993.5 | 19153.4 | −242.4 | 19395.8 |
Armenia | 20363.8 | −3848.4 | 23567.1 | −645.0 | 24212.1 |
Mali | 20055.6 | −849.3 | 19940.5 | −964.4 | 20904.9 |
Benin | 19699.6 | 26.3 | 19549.8 | −123.5 | 19673.3 |
Burkina Faso | 19697.5 | −627.1 | 19484.8 | −839.9 | 20324.6 |
Gabon | 19393.8 | −1122.4 | 18421.3 | −2094.9 | 20516.1 |
Guinea | 19271.1 | −4341.2 | 21019.3 | −2593.0 | 23612.3 |
Malta | 18940.1 | −2016.9 | 19088.4 | −1868.6 | 20957.0 |
Mozambique | 17880.1 | −2744.5 | 18787.4 | −1837.2 | 20624.6 |
Jamaica | 17385.2 | −2038.1 | 18894.1 | −529.2 | 19423.4 |
Mongolia | 17068.9 | −2803.3 | 17982.8 | −1889.4 | 19872.2 |
Guyana | 16572.5 | −213.8 | 15206.3 | −1580.0 | 16786.3 |
Niger | 16303.3 | −515.9 | 16182.4 | −636.8 | 16819.2 |
Laos | 16195.4 | 352.2 | 14685.7 | −1157.5 | 15843.2 |
Nicaragua | 16015.9 | −1813.4 | 16935.0 | −894.2 | 17829.2 |
Madagascar | 15926.5 | −105.2 | 15703.0 | −328.7 | 16031.7 |
Brunei | 15825.3 | 697.0 | 15322.3 | 194.0 | 15128.3 |
Moldova | 15192.2 | −1347.2 | 16749.2 | 209.8 | 16539.4 |
Republic of the Congo | 15080.9 | −240.2 | 14485.8 | −835.3 | 15321.1 |
Tajikistan | 14584.5 | 2523.9 | 15143.8 | 3083.1 | 12060.6 |
Mauritius | 14539.1 | 141.9 | 14752.7 | 355.6 | 14397.1 |
North Macedonia | 13879.1 | −882.2 | 13952.0 | −809.2 | 14761.2 |
Rwanda | 13853.0 | −244.7 | 13817.6 | −280.1 | 14097.8 |
Malawi | 13395.3 | −689.1 | 13726.2 | −358.2 | 14084.3 |
Bahamas | 13200.7 | −1137.8 | 13626.7 | −711.8 | 14338.5 |
Chad | 12999.9 | −149.4 | 12956.6 | −192.7 | 13149.3 |
Namibia | 12676.7 | 325.6 | 11781.6 | −569.4 | 12351.0 |
Kyrgyzstan | 12065.6 | −1922.0 | 13295.7 | −691.9 | 13987.6 |
Somalia | 11137.4 | −542.4 | 11635.8 | −44.0 | 11679.8 |
Kosovo | 10505.2 | 66.9 | 10636.2 | 197.8 | 10438.4 |
Mauritania | 10453.5 | 1.0 | 10443.3 | −9.3 | 10452.6 |
Togo | 9323.2 | 151.9 | 9210.7 | 39.4 | 9171.3 |
Equatorial Guinea | 8988.7 | −3128.2 | 8682.0 | −3435.0 | 12116.9 |
Montenegro | 7088.6 | −315.9 | 7477.5 | 72.9 | 7404.5 |
Barbados | 6000.8 | −392.7 | 6126.6 | −267.0 | 6393.6 |
Maldives | 5745.3 | −854.7 | 5777.2 | −822.8 | 6600.0 |
Fiji | 5221.7 | −273.1 | 5113.3 | −381.5 | 5494.8 |
Sierra Leone | 4921.8 | 1111.9 | 4395.3 | 585.5 | 3809.8 |
Eswatini | 4674.2 | 76.3 | 4289.4 | −308.5 | 4597.9 |
Liberia | 3950.9 | −381.1 | 4058.0 | −274.0 | 4332.0 |
Djibouti | 3921.8 | −176.8 | 4006.5 | −92.0 | 4098.5 |
Suriname | 3342.8 | −439.6 | 3474.5 | −307.9 | 3782.4 |
Burundi | 3032.6 | 390.4 | 2648.0 | 5.8 | 2642.2 |
Belize | 2955.1 | −326.4 | 3170.4 | −111.1 | 3281.5 |
Timor-Leste | 2904.9 | 661.8 | 2581.3 | 338.2 | 2243.1 |
Central African Republic | 2710.7 | 155.2 | 2706.5 | 151.0 | 2555.5 |
Lesotho | 2700.2 | 654.2 | 2393.9 | 347.9 | 2046.0 |
Cape Verde | 2561.8 | −25.4 | 2577.5 | −9.8 | 2587.3 |
Gambia | 2308.4 | −31.5 | 2309.3 | −30.6 | 2339.9 |
Saint Lucia | 2235.6 | −284.4 | 2304.5 | −215.4 | 2519.9 |
Seychelles | 2029.0 | −112.5 | 2124.7 | −16.8 | 2141.5 |
Guinea-Bissau | 1943.5 | −23.0 | 1993.6 | 27.1 | 1966.5 |
Antigua and Barbuda | 1884.7 | −148.4 | 1940.1 | −93.0 | 2033.1 |
Solomon Islands | 1680.0 | 48.7 | 1656.4 | 25.1 | 1631.3 |
Comoros | 1362.9 | 10.5 | 1355.2 | 2.8 | 1352.4 |
Grenada | 1236.5 | −83.9 | 1237.4 | −82.9 | 1320.3 |
Vanuatu | 1224.7 | 98.4 | 1281.0 | 154.7 | 1126.3 |
Turks and Caicos Islands | 1224.0 | −178.1 | 1342.5 | −59.6 | 1402.1 |
Saint Vincent and the Grenadines | 1043.8 | −22.2 | 1058.6 | −7.4 | 1066.0 |
Saint Kitts and Nevis | 1020.9 | −56.1 | 1049.2 | −27.8 | 1077.0 |
Samoa | 908.2 | −25.9 | 922.4 | −11.7 | 934.1 |
Dominica | 651.2 | −2.8 | 655.8 | 1.8 | 654.0 |
São Tomé and Príncipe | 573.9 | −29.4 | 610.8 | 7.5 | 603.2 |
Kiribati | 497.8 | 218.8 | 467.5 | 188.5 | 279.0 |
Federated States of Micronesia | 478.6 | 18.6 | 504.3 | 44.3 | 460.0 |
Marshall Islands | 318.0 | 34.0 | 324.8 | 40.8 | 284.0 |
Nauru | 282.3 | 128.2 | 262.4 | 108.3 | 154.1 |
Palau | 257.3 | −5.8 | 269.8 | 6.7 | 263.0 |
Tuvalu | 86.0 | 23.8 | 84.2 | 21.9 | 62.3 |
GNI (Atlas method) nominal
Nominal, Atlas method – millions of current US$ (top 15)[11]
Rank | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1 | United States | 26,894,543 | United States | 25,526,912 | United States | 23,684,736 | United States | 21,445,453 | United States | 21,734,159 | United States | 20,709,155 | United States | 19,224,810 | United States | 18,433,936 | United States | 18,124,086 | United States | 17,725,039 | United States | 17,023,066 |
2 | China | 18,899,260 | China | 18,206,073 | China | 16,883,573 | China | 14,843,775 | China | 14,512,889 | China | 13,385,455 | China | 12,104,948 | China | 11,387,927 | China | 10,883,163 | China | 10,246,590 | China | 9,193,838 |
3 | Japan | 4,859,878 | Japan | 5,324,575 | Japan | 5,487,896 | Japan | 5,169,146 | Japan | 5,315,223 | Japan | 5,300,391 | Japan | 4,943,005 | Japan | 4,887,582 | Japan | 5,006,472 | Japan | 5,656,061 | Japan | 6,225,973 |
4 | Germany | 4,559,133 | Germany | 4,527,641 | Germany | 4,329,964 | Germany | 3,989,008 | Germany | 4,105,522 | Germany | 3,937,444 | Germany | 3,617,063 | Germany | 3,646,623 | Germany | 3,740,019 | Germany | 3,858,306 | Germany | 3,807,840 |
5 | India | 3,630,237 | India | 3,394,542 | India | 3,064,476 | India | 2,661,734 | United Kingdom | 2,890,071 | United Kingdom | 2,792,597 | United Kingdom | 2,752,284 | United Kingdom | 2,818,536 | United Kingdom | 2,890,071 | United Kingdom | 2,879,862 | France | 2,890,903 |
6 | United Kingdom | 3,266,990 | United Kingdom | 3,297,427 | United Kingdom | 3,052,770 | France | 2,651,967 | India | 2,878,536 | France | 2,764,774 | France | 2,564,094 | France | 2,608,889 | France | 2,737,258 | France | 2,874,055 | United Kingdom | 2,744,028 |
7 | France | 3,072,464 | France | 3,078,221 | France | 2,968,919 | United Kingdom | 2,599,175 | France | 2,861,603 | India | 2,713,330 | India | 2,439,594 | India | 2,246,784 | India | 2,097,598 | Brazil | 2,457,007 | Brazil | 2,571,101 |
8 | Italy | 2,244,585 | Italy | 2,261,746 | Italy | 2,153,654 | Italy | 1,928,007 | Italy | 2,085,349 | Italy | 2,045,243 | Italy | 1,899,454 | Italy | 1,938,263 | Brazil | 2,084,247 | Russia | 2,137,991 | Russia | 2,179,425 |
9 | Canada | 2,162,633 | Canada | 2,075,404 | Canada | 1,865,477 | South Korea | 1,712,697 | Brazil | 1,953,067 | Brazil | 1,920,050 | Brazil | 1,808,497 | Brazil | 1,839,992 | Italy | 2,004,023 | Italy | 2,122,305 | Italy | 2,142,306 |
10 | Russia | 2,084,758 | Russia | 1,879,408 | South Korea | 1,821,293 | Brazil | 1,686,363 | Canada | 1,752,253 | South Korea | 1,688,927 | Canada | 1,567,890 | Canada | 1,585,229 | Russia | 1,725,234 | India | 2,020,998 | India | 1,941,117 |
11 | Brazil | 1,962,339 | South Korea | 1,868,327 | Russia | 1,725,858 | Canada | 1,669,281 | South Korea | 1,750,992 | Canada | 1,670,517 | South Korea | 1,555,716 | South Korea | 1,502,019 | Canada | 1,698,849 | Canada | 1,849,754 | Canada | 1,852,426 |
12 | South Korea | 1,835,476 | Brazil | 1,774,307 | Brazil | 1,689,214 | Russia | 1,575,000 | Russia | 1,655,618 | Russia | 1,505,175 | Russia | 1,352,319 | Russia | 1,426,946 | South Korea | 1,465,140 | Australia | 1,531,471 | Australia | 1,528,597 |
13 | Australia | 1,681,999 | Australia | 1,582,214 | Australia | 1,470,331 | Australia | 1,375,626 | Spain | 1,431,194 | Spain | 1,372,430 | Australia | 1,267,317 | Australia | 1,309,602 | Australia | 1,441,971 | South Korea | 1,428,957 | Spain | 1,362,931 |
14 | Spain | 1,556,447 | Spain | 1,533,031 | Spain | 1,426,623 | Spain | 1,287,271 | Australia | 1,392,624 | Australia | 1,326,718 | Spain | 1,263,572 | Spain | 1,281,503 | Spain | 1,321,902 | Spain | 1,355,256 | South Korea | 1,360,191 |
15 | Mexico | 1,554,336 | Mexico | 1,378,549 | Mexico | 1,256,693 | Mexico | 1,129,323 | Mexico | 1,241,846 | Mexico | 1,191,161 | Mexico | 1,143,310 | Mexico | 1,190,381 | Mexico | 1,280,512 | Mexico | 1,311,930 | Mexico | 1,267,698 |
GNI (Atlas method) PPP
PPP – millions of international dollars (top 15)[12]
Rank | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1 | China | 34,388,534 | China | 31,576,043 | China | 28,620,862 | China | 25,044,516 | China | 24,232,656 | China | 22,355,235 | China | 20,567,696 | China | 19,169,812 | United States | 18,608,138 | United States | 17,984,237 | United States | 17,140,708 |
2 | United States | 27,525,100 | United States | 25,926,000 | United States | 23,777,600 | United States | 21,479,588 | United States | 21,760,847 | United States | 20,883,383 | United States | 19,837,150 | United States | 18,983,369 | China | 18,129,539 | China | 17,445,351 | China | 16,241,642 |
3 | India | 14,324,038 | India | 12,858,238 | India | 11,250,341 | India | 9,639,773 | India | 9,837,436 | India | 9,131,972 | India | 8,264,362 | India | 7,706,181 | India | 7,120,994 | India | 6,732,248 | India | 6,416,831 |
4 | Japan | 6,554,254 | Japan | 6,254,021 | Japan | 5,866,681 | Japan | 5,554,842 | Japan | 5,616,185 | Japan | 5,548,453 | Japan | 5,456,930 | Japan | 5,338,419 | Japan | 5,404,453 | Japan | 5,221,591 | Japan | 5,194,308 |
5 | Russia | 6,366,121 | Russia | 5,884,375 | Russia | 5,598,676 | Germany | 4,952,942 | Germany | 5,021,459 | Germany | 4,730,328 | Germany | 4,491,248 | Germany | 4,268,496 | Germany | 3,977,709 | Germany | 3,883,390 | Germany | 3,712,582 |
6 | Germany | 6,092,387 | Germany | 5,799,414 | Germany | 5,351,636 | Russia | 4,542,377 | Russia | 4,434,791 | Russia | 4,128,705 | Russia | 3,705,398 | Russia | 3,440,587 | Russia | 3,428,610 | Russia | 3,639,325 | Russia | 3,611,853 |
7 | Brazil | 4,325,589 | Brazil | 4,055,711 | France | 3,728,403 | France | 3,370,362 | France | 3,527,047 | France | 3,197,838 | France | 3,050,429 | France | 2,924,693 | Brazil | 2,932,875 | Brazil | 3,107,798 | Brazil | 3,077,182 |
8 | France | 4,235,079 | France | 3,984,079 | Brazil | 3,669,595 | Brazil | 3,289,682 | United Kingdom | 3,332,513 | Brazil | 3,098,566 | United Kingdom | 3,009,162 | Brazil | 2,846,198 | France | 2,777,205 | France | 2,719,730 | France | 2,666,952 |
9 | Indonesia | 4,221,517 | Indonesia | 3,870,444 | United Kingdom | 3,561,213 | United Kingdom | 3,151,687 | Brazil | 3,244,271 | United Kingdom | 3,087,113 | Brazil | 2,924,571 | United Kingdom | 2,824,431 | United Kingdom | 2,706,923 | United Kingdom | 2,619,025 | United Kingdom | 2,516,787 |
10 | United Kingdom | 3,974,003 | United Kingdom | 3,866,883 | Indonesia | 3,434,771 | Indonesia | 3,134,896 | Indonesia | 3,166,892 | Indonesia | 2,978,437 | Indonesia | 2,766,769 | Indonesia | 2,628,825 | Indonesia | 2,538,121 | Indonesia | 2,518,157 | Indonesia | 2,448,797 |
11 | Turkey | 3,729,107 | Italy | 3,324,775 | Italy | 2,988,508 | Italy | 2,660,830 | Italy | 2,797,692 | Italy | 2,629,049 | Italy | 2,531,220 | Italy | 2,427,622 | Mexico | 2,251,300 | Mexico | 2,200,816 | Italy | 2,183,587 |
12 | Italy | 3,446,469 | Turkey | 3,227,873 | Turkey | 2,627,527 | Mexico | 2,375,085 | Mexico | 2,564,439 | Mexico | 2,538,888 | Mexico | 2,464,263 | Mexico | 2,393,565 | Italy | 2,225,429 | Italy | 2,200,447 | Mexico | 2,088,045 |
13 | Mexico | 3,207,460 | Mexico | 2,972,064 | Mexico | 2,608,640 | Turkey | 2,362,958 | Turkey | 2,313,729 | Turkey | 2,271,021 | Turkey | 2,235,991 | Turkey | 2,094,056 | Turkey | 1,999,739 | Turkey | 1,844,207 | South Korea | 1,737,910 |
14 | South Korea | 2,846,253 | South Korea | 2,706,619 | South Korea | 2,542,823 | South Korea | 2,360,461 | South Korea | 2,290,264 | South Korea | 2,229,385 | South Korea | 2,112,226 | South Korea | 2,034,378 | South Korea | 1,939,637 | South Korea | 1,801,276 | Saudi Arabia | 1,730,115 |
15 | Spain | 2,535,604 | Canada | 2,384,385 | Canada | 2,114,747 | Spain | 1,850,441 | Spain | 2,065,307 | Spain | 1,908,195 | Spain | 1,843,464 | Spain | 1,738,407 | Spain | 1,621,469 | Saudi Arabia | 1,777,122 | Turkey | 1,688,340 |
Gross national product
Gross national product (GNP) is the market value of all the goods and services produced in one year by labor and property supplied by the citizens of a country. Unlike gross domestic product (GDP), which defines production based on the geographical location of production, GNP indicates allocated production based on location of ownership. In fact it calculates income by the location of ownership and residence, and so its name is also the less ambiguous gross national income.
GNP is an economic statistic that is equal to GDP plus any income earned by residents from overseas investments minus income earned within the domestic economy by overseas residents.
GNP does not distinguish between qualitative improvements in the state of the technical arts (e.g., increasing computer processing speeds), and quantitative increases in goods (e.g., number of computers produced), and considers both to be forms of "economic growth".[13]
When a country's capital or labour resources are employed outside its borders, or when a foreign firm is operating in its territory, GDP and GNP can produce different measures of total output. In 2009 for instance, the United States estimated its GDP at $14.119 trillion, and its GNP at $14.265 trillion.[14]
The term gross national income (GNI) has gradually replaced the Gross national product (GNP) in international statistics.[11][12] While being conceptually identical, the precise calculation method has evolved at the same time as the name change.[15]
Use of GNP
The United States used GNP as its primary measure of total economic activity until 1991, when it began to use GDP.[16] In making the switch, the Bureau of Economic Analysis (BEA) noted both that GDP provided an easier comparison of other measures of economic activity in the United States and that "virtually all other countries have already adopted GDP as their primary measure of production".[17] Many economists have questioned how meaningful GNP or GDP is as a measure of a nation's economic well-being, as it does not count most unpaid work and counts much economic activity that is unproductive or actually destructive.[18]
GNI vs GDP
While GDP measures the market value of all final goods and services produced in a given country, GNI measures income generated by the country's citizens, regardless of the geographic location of the income. In many states, those two figures are close, as the difference between income received by the country versus payments made to the rest of the world is not significant. According to the World Bank, the GNI of the US in 2016 was 1.5% higher than GDP.[19]
In developing countries, on the other hand, the difference might be significant due to a large amount of foreign aid and capital inflow. In 2016, the GNI[20] of Armenia was 4.45% higher than GDP.[21] Based on the OECD reports, in 2015 alone, Armenia has received a total of US$409 million development assistance. Over the past 25 years, USAID has provided more than one billion USD to improve the living of the people in Armenia. GNI equals GDP plus wages, salaries, and property income of the country's residents earned abroad that also constitutes the higher GNI figure. According to the UN report on migration from Armenia in 2015–17, every year around 15–20 thousand people leave Armenia permanently,[22] and roughly 47% of those are working migrants that leave the country to earn income and sustain the families left in Armenia. In 2016 Armenian residents received in a total of around $150 million remittances.[23] Armenia's GNI, measured in US dollars, amounted to USD 13.5 billion in 2021, according to the National Statistical Office. This is an 8.23% increase over the prior year. GNI in USD terms in Armenia has historically ranged from a record high of USD 13.8 billion in 2019 to a record low of USD 1.06 billion in 1992. Regarding interest rates on GNI expressed in USD, Armenia is ranked 119th out of the 155 monitored nations.[24]
Lists of GNI per capita
- List of countries by GNI (nominal) per capita
- List of countries by GNI (real) per capita
- List of countries by GNI (PPP) per capita
- List of countries by GNI per capita growth
See also
- Disposable household and per capita income
- Net national income
- Measures of national income and output
- Gross national income in the European Union
- Gross world product
- National average salary
- Gross domestic product (GDP)
- Irish modified GNI (or GNI*)
- List of U.S. states by adjusted per capita personal income
References
- ^ "World Bank's Income Groups". Our World in Data. Retrieved 8 October 2024.
- ^ Todaro, Michael P.; Smith, Stephen C. (2012). Economic development (11 ed.). Addison-Wesley. ISBN 978-0-13-801388-2.
- ^ "Monitoring GNI for own resource purposes". Eurostat Statistic Explained. Eurostat. Archived from the original on 2021-02-24. Retrieved 2016-06-23.
- ^ Heike Joebges (January 2017). "CRISIS RECOVERY IN A COUNTRY WITH A HIGH PRESENCE OF FOREIGN-OWNED COMPANIES: The Case of Ireland" (PDF). IMK Macroeconomic Policy Institute, Hans-Böckler-Stiftung.
- ^ "detailed methodology – World Bank Data Help Desk". The World Bank Atlas method. Retrieved 10 August 2024.
- ^ Vanoli, André (2005). A history of national accounting. Washington, DC: IOS Press. ISBN 978-1-58603-469-6.
- ^ Fund, International Monetary, "VII. The primary distribution of income account", System of National Accounts, 1993, International Monetary Fund, ISBN 978-92-1-161352-0, retrieved 2024-11-10
- ^ "GNI. Atlas method (current US$)". World Bank. Retrieved 2024-10-08.
- ^ "GNI (current US$)". World Bank. Retrieved 2024-10-08.
- ^ "GDP (current US$)". World Bank. Retrieved 2024-10-08.
- ^ a b World Bank. "GNI, Atlas method". data.worldbank.org. Retrieved 2022-10-23.
- ^ a b World Bank. "GNI, PPP (international $)". data.worldbank.org. Retrieved 2022-10-23.
- ^ Daly, Herman E. (1996), Beyond Growth. Beacon Press
- ^ "Flow of Funds Accounts of the United States" (PDF). Board of Governors of the Federal Reserve System. 17 September 2010. p. 9. Archived from the original (PDF) on 8 December 2010. Retrieved 23 August 2018.
- ^ "Glossary:Gross national income (GNI)". Eurostat Statistic Explained. Eurostat. Archived from the original on 2023-01-27. Retrieved 2016-06-23.
- ^ "BEA: Glossary "G"". Bureau of Economic Analysis. 5 September 2007. Archived from the original on June 4, 2007.
- ^ "Gross Domestic Product as a Measure of U.S. Production" (PDF). August 1991.
- ^ "Beyond GDP". The Economist. ISSN 0013-0613. Retrieved 2016-07-27.
- ^ "BEA: The World Bank - US figures". the World Bank. 2017.
- ^ "BEA: Armenia GNP". Macrotrends. 2019.
- ^ "BEA: Armenia GDP". Macrotrends. 2019.
- ^ "BEA: Migration Rate and Associated Issues in Armenia in 2016–2017". UN Armenia. 2017.
- ^ "BEA: Inflow of Remittances by Balance of Payments". Central Bank of Armenia. 2019.
- ^ "GNI (Current USD) in Armenia".