GNI (current US$)
Countries By GNI (current US$)
Key points
- The Gross National Income (GNI) is a key macroeconomic indicator representing the total value added by all resident producers in a country, including product taxes and net receipts of primary income from abroad, all measured in current US dollars.
- The data showcases a wide disparity in GNI across countries, with the United States having the highest GNI at $21,479,588,000,000 and Tuvalu with the lowest GNI at $70,406,824.10.
- The average GNI among the listed countries is approximately $452,040,815,370.70, indicating the overall economic output of the countries sampled.
- GNI reflects a country's economic performance and its integration into the global economy, influencing factors such as investment, trade relationships, and overall economic development.
- Disparities in GNI highlight the varying levels of economic development among countries and underscore the importance of policies that promote sustainable growth and equitable distribution of wealth.
Official Definition of GNI (current US$)
GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. Data are in current U.S. dollars.
Importance
Having a high or low Gross National Income (GNI) can have significant implications for a country's economic well-being and development.
- A high GNI indicates that a country is generating substantial wealth through its economic activities. This could lead to a higher standard of living for its residents, improved infrastructure, better healthcare and education services, and overall economic stability. Additionally, a high GNI can attract foreign investment, boost international trade, and enhance the country's global economic standing.
- On the other hand, a low GNI may suggest that the country is facing economic challenges such as limited industrial output, high unemployment rates, inadequate social services, and a lower standard of living. Countries with low GNIs may struggle to attract foreign investment, experience brain drain as skilled workers seek opportunities abroad, and face difficulties in addressing poverty and inequality within their borders.
Top 10 Countries by GNI (current US$)
Bottom 10 Countries by GNI (current US$)
Regions
Europe
The Gross National Income (GNI) in current US dollars reveals significant disparities among the listed countries. Wealthier nations like Germany, the United Kingdom, and France display substantial figures, indicating strong economic output. These countries enjoy advantages such as robust infrastructure and diversified industries but may face challenges of high cost of living and income inequality. In contrast, countries like Montenegro and Moldova exhibit much lower GNIs, suggesting limited economic development and potential issues with investment and employment opportunities. Despite variations, the GNI statistic underscores the importance of economic productivity and can serve as a measure of a country's overall economic health and potential for growth.
Far East: East Asia, SE Asia, Australia
Examining the GNI (current US$) data for the listed countries reveals a significant disparity in economic strength, with China standing out as the dominant player due to its staggering GNI of $14,570,138,554,163.6. Japan and Australia also showcase robust economies with GNIs exceeding $5 trillion and $1 trillion, respectively. These countries enjoy advantages such as diverse industries, strong infrastructures, and high standards of living. However, they face challenges like income inequality and environmental issues. For nations like Cambodia and Laos, their lower GNIs signify a less developed economy, leading to struggles in infrastructure development and poverty alleviation. This statistic underscores the varying stages of economic development among the countries, highlighting the need for tailored growth strategies and international cooperation for mutual prosperity.
ASEAN
The Gross National Income (GNI) data for the selected countries reveals a wide variation in economic strength. With Brunei having a GNI of $12.37 billion and Indonesia at $1.03 trillion, there is a stark contrast. While countries like Cambodia and Laos have lower GNIs, Malaysia, Singapore, and Thailand boast higher figures showcasing their economic robustness. This statistic suggests that the wealth distribution among these countries greatly differs, impacting their development paths. Advantages of a higher GNI include better infrastructure and social services, but it also brings challenges like income inequality. For lower-income countries, the focus may be on economic diversification and attracting investments to stimulate growth.
Latin America
The Gross National Income (GNI) in current US dollars for the listed countries varies significantly, with Mexico having the highest value at $1.08 trillion and Nicaragua the lowest at $11.85 billion. Brazil and Peru also have substantial GNIs, exceeding $1 trillion and $196 billion respectively. This statistic indicates the economic output and income from abroad for each country, reflecting their economic scale and integration into the global economy. Higher GNI signifies greater economic power and potential for development, while lower GNI could indicate challenges in generating wealth. Each country's GNI influences its ability to invest in infrastructure, education, and social welfare, thus impacting its overall development trajectory.
Middle East
The GNI measures the total value added by resident producers combined with product taxes and net income from abroad in current US dollars. Among the countries listed, Saudi Arabia stands out with the highest GNI, indicating a robust economy driven by oil exports. While high GNI signifies economic strength and investment potential, it also highlights dependency on a single commodity, leaving the economy vulnerable to oil price fluctuations. Countries like Cyprus and Georgia have lower GNIs reflecting smaller economies with limited resources but potential for diversification. For developing nations like Morocco and Tunisia, increasing GNI signifies progress and investment attractiveness. Overall, GNI reflects economic diversity, vulnerability, and growth potential among these countries.
Rivals
Anglosphere v BRICS
Australia, with a GNI of $1.3 trillion, and New Zealand, with $208 billion, have smaller economies compared to major players like the United States at $21.5 trillion and China at $14.6 trillion. This indicates significant differences in economic power and market influence. While countries like the US and China enjoy advantages in terms of higher GNI reflecting robust economic activity, they also face challenges such as greater income inequality and environmental degradation. On the other hand, countries like Australia and New Zealand may benefit from more sustainable economic development but could face limitations in terms of global competitiveness and capacity for innovation.
Russia v Ukraine
Both the Russian Federation and Ukraine have notable GNI figures, with the Russian Federation reporting a GNI of approximately 1.46 trillion USD, while Ukraine's GNI stands at around 160 billion USD. The Russian Federation's higher GNI reflects its larger, more diversified economy, driven by energy exports and a variety of industries. This gives it a more stable economic base and greater resilience to external shocks. However, this also makes it vulnerable to fluctuations in global commodity prices. Conversely, Ukraine's lower GNI indicates a smaller economy with a higher susceptibility to economic turbulence and external pressures. The impact of GNI on development is significant for both countries, influencing their ability to invest in infrastructure, social welfare, and overall economic growth.
France v United Kingdom
In terms of GNI (current US$), France and the United Kingdom display significant economic prowess, with France recording a GNI of $2.67 trillion and the United Kingdom $2.64 trillion. France's slightly higher GNI suggests a marginally stronger economic output compared to the UK. France's advantage lies in its diverse industrial base, robust agricultural sector, and advanced infrastructure. However, the UK benefits from being a global financial hub, attracting significant investments. Despite their strong GNIs, both countries face challenges such as income inequality and economic restructuring. This statistic underscores their economic prosperity but also highlights the need for sustainable development strategies to address disparities and ensure long-term growth.
Israel v Iran
Iran has a GNI of approximately $239 billion, while Israel's GNI stands at around $408 billion. Israel's higher GNI reflects a more developed and diversified economy compared to Iran. This indicates that Israel has greater capacity for wealth creation and investment. Advantages for Israel include potential for higher standards of living and greater access to resources. However, it may also face challenges such as income inequality. On the other hand, Iran's lower GNI may signify limitations in economic growth potential and development opportunities. This could result in resource constraints and hindered infrastructure development. Overall, the disparity in GNI between the two countries highlights varying levels of economic advancement and potential for future growth.
Saudi Arabia v Iran
Iran reported a GNI of $239.33 billion, while Saudi Arabia's GNI stood at $748.22 billion. Saudi Arabia's significantly higher GNI reflects its larger economy and stronger international trade relations compared to Iran. Saudi Arabia enjoys the advantage of greater financial resources for infrastructure development and investment in various sectors, but it is also more exposed to global economic fluctuations due to its dependency on oil revenue. On the other hand, Iran's lower GNI indicates its more constrained economic activities, potentially limiting its ability to fund development projects. The GNI statistic highlights the economic disparities between the two countries and underscores the different developmental paths each must navigate.
India v Pakistan
India's Gross National Income (GNI) stands at approximately $2.64 trillion USD, significantly higher than Pakistan's GNI of around $295 billion USD. This vast disparity reflects India's larger and more diverse economy compared to Pakistan. India enjoys the advantage of a larger market size and a more developed industrial base, contributing to its higher GNI. However, Pakistan's lower GNI indicates economic challenges such as lower productivity and less foreign investment. For India, a higher GNI signifies greater economic capacity for investment in infrastructure and social programs, driving further development. On the other hand, Pakistan may face limitations in funding essential projects and improving living standards due to its lower GNI.
Turkey v Greece
For Greece, the GNI stands at $187.72 billion, reflecting the value added by resident producers and income from abroad. In comparison, Turkey's GNI is significantly higher at $711.77 billion, indicating a larger economic output and global income receipts. Greece's lower GNI suggests a smaller economic scale and potentially fewer resources for development compared to Turkey. However, Greece may benefit from greater stability and resilience to global economic fluctuations due to its smaller size. Turkey, with its higher GNI, likely has more resources for investments and growth but might also face higher risks associated with a larger economy and global dependencies.
China v Japan
China, People's Republic of has a GNI of $14.57 trillion, significantly higher than Japan's $5.24 trillion. This indicates China's larger economic output and global economic influence compared to Japan. China benefits from its immense population size and diverse economy, but it faces challenges with income inequality and environmental concerns. Japan, while having a smaller GNI, boasts a highly developed economy with advanced technology and strong global trade relations. However, an aging population and limited natural resources are disadvantages for Japan. The GNI statistic reflects each country's economic size and potential for growth, impacting their development paths and international competitiveness.
FAQs
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Which country has the most GNI (current US$)?
Answer: The United States has the highest GNI with a value of $21,479,588,000,000. -
Which country has the least GNI (current US$)?
Answer: Tuvalu has the lowest GNI with a value of $70,406,824.10. -
What is the average GNI (current US$) among the listed countries?
Answer: The average GNI among the listed countries is approximately $452,040,815,370.70.