GNI
Business & Finance abbreviation · Economics
| Stands for | Gross national income |
|---|---|
| Categories | Business & Finance |
GNI stands for Gross national income, an economics abbreviation.
Total income earned by a country's residents and businesses, including wages, profits and investment returns from abroad, minus similar payments to non-residents. The World Bank uses GNI per capita to classify countries as low-, middle- or high-income.
Example: Once its GNI per capita passed the World Bank's threshold, the country moved into the high-income group.
Usage notes
The World Bank converts GNI to US dollars using its Atlas method, which smooths exchange-rate swings, and updates its income thresholds every July. Ireland publishes a modified measure, GNI*, to strip out distortions from multinational accounting. GNI is conceptually close to the older GNP.
Related abbreviations
More economics abbreviations
- FTA – Free trade agreement
- FX – Foreign exchange
- GDI – Gross domestic income
- GDP – Gross domestic product
- GFC – Global financial crisis
- GNH – Gross national happiness
- GNP – Gross national product
- GVA – Gross value added
- HDI – Human Development Index
- HHI – Herfindahl-Hirschman Index
- HICP – Harmonised Index of Consumer Prices
- IS-LM – Investment-saving / liquidity preference-money supply model