Economy
GNI (Gross National Income)
Definition
The total income earned by a country's residents, including income from abroad, minus income sent to other countries.
Explanation
While GDP measures production within borders, GNI measures income earned by nationals regardless of where they work. For countries with large diaspora populations sending remittances home, GNI can differ significantly from GDP. The World Bank uses GNI per capita to classify countries as low-income, middle-income, or high-income.