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 the difference between GNP and GNI?

Finally, there's gross national product (GNP), which is a broad measure of all economic activity. Gross national income (GNI) is the total income earned by a country's people and businesses, no matter where it was earned. GNI is an alternative to gross domestic product (GDP) as a measure of wealth. It calculates income instead of output.

What does GNI stand for?

Gross National Income (GNI), Gross National Product (GNP), and Gross Domestic Product (GDP) are all measurements of a country's ability to produce and earn. GNI is the total earned income of a country's residents.

What does GNP stand for?

From Wikipedia, the free encyclopedia Total domestic and foreign economic output claimed by residents of a country Not to be confused with Gross domestic productor Modified gross national income (GNI*). "GNP" redirects here. For other uses, see GNP (disambiguation). World Bank's income groups as of 2021