Everything about Gross National Income totally explained
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Gross National Income (GNI) comprises the total value produced within a country (for example its
Gross Domestic Product), together with its income received from other countries (notably
interest and
dividends), less similar payments made to other countries.
The GNI consists of: the personal consumption expenditures, the gross private investment, the government consumption expenditures, the net income from assets abroad (net income receipts), and the gross exports of goods and services, after deducting two components: the gross imports of goods and services, and the
indirect business taxes. The GNI is similar to the Gross National Product (GNP), except that in measuring the GNP one doesn't deduct the indirect business taxes.
For example, the profits of a US-owned company operating in the UK will count towards US GNI and UK GDP, but won't count towards UK GNI or US GDP.
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