GNI growth (annual %)



Countries By GNI growth (annual %)



Key points



Official Definition of GNI growth (annual %)

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.



Importance

The GNI growth (annual %) statistic is crucial for a country as it reflects the overall economic performance and wellbeing of a nation. A high value indicates strong economic growth, increased productivity, and higher living standards for residents. This can attract foreign investments, boost employment opportunities, and ultimately lead to a better quality of life for the population.

On the other hand, a low GNI growth rate suggests economic stagnation or contraction. This could result in reduced investments, job losses, and potentially lower standards of living. Governments may face challenges in funding social programs and infrastructure development, ultimately impacting the overall competitiveness and sustainability of the country in the global arena.



Top 10 Countries by GNI growth (annual %)

Bottom 10 Countries by GNI growth (annual %)



Regions

Europe

The GNI growth (annual %) statistic for the listed countries shows a wide range of performances, with Ireland standing out with a positive growth of 4.09% while Montenegro and the United Kingdom experienced significant contractions of -14.88% and -12.18% respectively. Countries like Greece, Italy, and Spain are facing substantial challenges with negative growth rates above -8%. These differing performances indicate diverse economic conditions and policy responses among the countries. Positive growth can lead to increased investment and economic stability for Ireland and Serbia, while countries with negative growth face challenges such as decreased investor confidence and potential austerity measures.

Far East: East Asia, SE Asia, Australia

The GNI growth (annual %) statistic for selected countries shows varied performance. Brunei and Vietnam have positive growth rates indicating economic expansion, while countries like the Philippines and Malaysia experience significant contractions. Japan and Korea, Republic of struggle with negative growth as well. Brunei benefits from steady growth, enhancing economic stability, but faces challenges diversifying its oil-dependent economy. Vietnam's growth signifies a thriving economy, yet it may lead to inflationary pressures. The Philippines and Malaysia face economic setbacks, risking recession and unemployment. Japan and Korea, Republic of struggle due to aging populations and global economic factors, impacting their competitiveness and investments.

ASEAN

The GNI growth rates for the selected countries vary significantly. Brunei shows a modest growth of 1.08%, Vietnam leads with a strong growth of 3.72%, while Cambodia, Indonesia, Malaysia, and the Philippines are experiencing negative growth rates ranging from -0.93% to -11.45%. This disparity indicates varying economic performances and development trajectories among these nations. Brunei's steady growth provides stability, Vietnam's growth reflects economic dynamism, while the negative growth in Cambodia, Indonesia, Malaysia, and the Philippines highlights economic challenges. Positive growth implies increased prosperity, while negative growth can lead to economic stagnation or decline, impacting the overall development and economic prospects of each country differently.

Latin America

The GNI growth (annual %) statistic provides insight into the economic performance of several Latin American countries. Peru and Mexico experienced the most significant contractions in GNI growth, indicating economic challenges and potential vulnerabilities. Conversely, Paraguay and Guatemala showed relatively stable GNI growth rates, which may suggest better resilience in the face of economic downturns. This statistic highlights the stark disparities in economic performance among these countries, with some facing severe setbacks while others manage to weather the storm. For each country, the GNI growth rate directly influences their development prospects, with lower growth rates potentially leading to reduced investment, employment opportunities, and overall economic well-being.

Middle East

The GNI growth (annual %) statistic for the listed countries shows a mix of positive and negative growth rates. Countries such as Egypt and Iran are experiencing positive growth, indicating economic expansion, while Lebanon and State of Palestine are facing significant contractions in their GNI. For countries like Lebanon with a -22.03% growth rate, the disadvantage lies in the severe economic downturn and potential social unrest. On the other hand, countries with positive growth like Egypt benefit from increased economic activity and potential improvements in living standards. Overall, this statistic reflects the diverse economic conditions in the region, influencing each country's development trajectory differently.



Rivals

Anglosphere v BRICS

The GNI growth statistic for the selected countries shows significant variations in their economic performance. The United Kingdom exhibits the lowest with a negative growth rate of -12.18%, indicating a contraction in its economy, highlighting potential challenges such as reduced investment and consumer spending. In contrast, China shows a positive growth rate of 1.71%, reflecting its continuing economic expansion and resilience. While a negative growth rate like India's -6.20% suggests economic slowdown and potential instability. Each country faces unique advantages and disadvantages based on their GNI growth, impacting development through factors like investment attractiveness, trade competitiveness, and overall economic stability.

Russia v Ukraine

The GNI growth for the Russian Federation is at -1.69% and for Ukraine is at -2.70%. Both countries are experiencing negative growth in their Gross National Income. The Russian Federation's slightly better GNI growth rate indicates a relatively stronger economic performance compared to Ukraine. However, the Russian Federation's heavy dependence on oil and gas exports makes its economy vulnerable to fluctuations in energy prices. On the other hand, Ukraine's ongoing political instability and conflict with Russia have hindered its economic progress. These low GNI growth rates suggest challenges for both countries in terms of economic stability and development, with the need for diversification and structural reforms to foster sustainable growth.

France v United Kingdom

France experienced a GNI growth rate of -8.77%, indicating a decline in its economic output, while the United Kingdom's GNI growth rate was even lower at -12.18%, signaling a more significant economic contraction. France may benefit from its relatively diversified economy, strong agricultural sector, and robust infrastructure. However, its high public debt and challenges with labor market flexibility could hinder recovery. The UK, on the other hand, may face challenges due to Brexit uncertainties, particularly in trade relations and investment. This negative GNI growth could lead to reduced government revenue, increased unemployment, and potentially slower economic recovery for both countries.

Israel v Iran

Iran experienced a positive annual GNI growth of 3.15%, indicating a growing economy. In contrast, Israel had a negative GNI growth of -2.32%, signaling a decline in economic performance. Iran's advantage lies in its upward economic trajectory, potentially leading to increased prosperity for its residents. However, Israel may face challenges such as reduced economic activity. This statistic suggests that Iran is progressing economically compared to Israel, which may have implications for their respective development paths, with Iran likely to see more robust growth opportunities in the near future.

Saudi Arabia v Iran

Iran experienced a positive GNI growth of 3.15%, indicating economic expansion, while Saudi Arabia saw a negative growth of -3.67%, signifying an economic contraction. Iran's growth suggests increasing productivity and income generation within the country, potentially leading to improved living standards. However, Saudi Arabia's decline may indicate challenges in its economic structure, possibly due to external factors impacting its revenue from abroad. Iran may benefit from diversification and stability, while Saudi Arabia might need to focus on resilience and adaptation to global economic changes. This statistic influences both countries' development trajectory, with Iran positioned for growth and Saudi Arabia facing potential economic challenges.

India v Pakistan

India experienced a sharp decline in GNI growth at -6.20% annually, reflecting economic challenges. On the other hand, Pakistan's GNI growth rate stood at -1.36%, indicating a milder contraction. India's larger economy may face more significant repercussions from this downturn, impacting investment and development. However, India's diversification and tech industry could aid recovery. Pakistan's smaller decline suggests relatively more stability, but structural economic issues could hinder progress. Both countries may face reduced foreign investment and domestic consumption due to the decline, but India's size and diversification could offer resilience compared to Pakistan.

China v Japan

In 2020, China experienced a GNI growth rate of 1.71%, indicating steady economic expansion. In contrast, Japan encountered a -4.35% decline in GNI growth, reflecting economic contraction. China's positive growth signifies a resilient economy with opportunities for investment and development. However, it may also suggest challenges in maintaining sustainable growth levels. On the other hand, Japan's negative growth raises concerns about its economic stability and future prospects for growth and innovation. This disparity in GNI growth rates between China and Japan highlights the contrasting economic trajectories of the two countries and emphasizes the importance of strategic economic policies to ensure long-term prosperity.



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