Gni in a sentence

A useful alternative measure to GDP is called Gross National Income (GNI), which values the economic activity of the Island’s residents, regardless of where that activity takes place.

Considering the effects of income and taxation paid and received by residents to and from the rest of the world, GNI at market prices for the third quarter of 2024 was estimated at €5.2 billion.

Existing voluntary guidelines like the Global Network Initiative (GNI) are not up to the task of addressing the problem.

He also announced his intention to remove the pledge to pay 0.7% of GNI in overseas aid – slashing it to 0.5%, against the promise in the last manifesto.

The European Commission presented a proposal back in 2018, where it laid out the long-term EU budget whose size would be 1.1% GNI (gross national income).

Although foreign multinationals have (and are already playing) a key role in GDP growth in these countries, the tendency to repatriate their earnings ultimately diminishes their contribution to local gross national income (GNI).

Jason Washing, Managing Director, News Partnerships at Google shares, “One of the pillars of the GNI is developing new business models for a sustainable news ecosystem.

For example, the GNI of the USA is the value of output produced by American-owned firms, regardless of where the firms are located.

GDP is product produced within a country's borders; GNI is product produced by enterprises owned by a country's citizens.

Gross national income (GNI) equals GDP plus income receipts from the rest of the world minus income payments to the rest of the world. citation In 1991, the United States switched from using GNP to using GDP as its primary measure of production.

In practice, however, foreign ownership makes GDP and GNI non-identical.

It is one of five countries worldwide that meets the longstanding UN ODA target of 0.7% ODA/GNI.

Similarly, if a country becomes increasingly in debt, and spends large amounts of income servicing this debt this will be reflected in a decreased GNI but not a decreased GDP.

Similarly, if a country sells off its resources to entities outside their country this will also be reflected over time in decreased GNI, but not decreased GDP.

The difference is that GDP defines its scope according to location, while GNI defines its scope according to ownership.

Third-World development main The Netherlands is among the world's leading aid donors, giving almost $8 billion, about 0.8% of its gross national income (GNI) in official development assistance (ODA).