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The gross national income ( GNI ), previously known as gross national product ( GNP ), is the total domestic and foreign output claimed by residents of a country, consisting of gross domestic product ( GDP ), plus factor incomes earned by foreign residents, minus income earned in the domestic economy by nonresidents. [2] : 44.
The GNI per capita is the dollar value of a country's final income in a year, divided by its population. It should be reflecting the average before tax income of a country's citizens. It should be reflecting the average before tax income of a country's citizens.
Gross Domestic Product ( GDP) is a monetary measure of the market value [2] of all the final goods and services produced and rendered in a specific time period by a country [3] or countries. [4] [5] [6] GDP is more often used by the government of a single country to measure its economic health. [3] Due to its complex and subjective nature, this ...
Modified gross national income (also Modified GNI or GNI*) is a metric used by the Central Statistics Office (Ireland) to measure the Irish economy rather than GNI or GDP. GNI* is GNI minus the depreciation on Intellectual Property, depreciation on leased aircraft and the net factor income of redomiciled PLCs.
The value that the measures of national income and output assign to a good or service is its market value – the price it fetches when bought or sold. The actual usefulness of a product (its use-value) is not measured – assuming the use-value to be any different from its market value. Three strategies have been used to obtain the market ...
Countries by GNI (PPP) per capita in 2020. Gross National Income (GNI) [ edit ] "GNI is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad."
e. In economics, the Gini coefficient ( / ˈdʒiːni / JEE-nee ), also known as the Gini index or Gini ratio, is a measure of statistical dispersion intended to represent the income inequality, the wealth inequality, or the consumption inequality [3] within a nation or a social group. It was developed by Italian statistician and sociologist ...
The Human Development Index ( HDI) is a statistical composite index of life expectancy, education (mean years of schooling completed and expected years of schooling upon entering the education system ), and per capita income indicators, which is used to rank countries into four tiers of human development. A country scores a higher level of HDI ...