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What is the difference between GDP and GNI?

GNI is the total income received by the country, during an accounting year. GDP is used as an indicator of country’s economic strength. On the contrary, GNI is used to indicate the economic strength of the residents of the country. GDP stresses over domestic production whereas GNI lays emphasis on the income generated by the country’s citizens.

What is gross domestic product (GNI)?

GNI is the total earned income of a country's residents. Gross domestic product measures the value of goods and services produced within a country; the measurement includes national output, expenditures, and income. GNI equals GDP plus wages, salaries, and property income of the country's residents earned abroad and at home.

What is GNI & how does it affect UK GDP?

GNI (Gross National Income) = (similar to GNP) includes the value of all goods and services produced by nationals – whether in the country or not. If a Japanese multinational produces cars in the UK, this production will be counted towards UK GDP.

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