Definition
- Gross national income
- Gross national income is the total income earned by a country's residents in a year, wherever in the world they earn it.
- Not to be confused with: Gross domestic product
- Gross domestic product is the value of all final goods and services produced within a country in a given year.
Test yourself
What is the difference between gross national income and gross domestic product?
GDP counts what is produced inside the borders; GNI counts the income the country's residents receive, from home or abroad.