GNI meaning in Business ?

Answer:

What is Gross National Income mean?

The gross national income (GNI), previously known as gross national product (GNP), is the total domestic and foreign output claimed by residents of a country, consisting of gross domestic product (GDP), plus factor incomes earned by foreign residents, minus income earned in the domestic economy by nonresidents (Todaro & Smith, 2011: 44). Comparing GNI to GDP shows the degree to which a nation's GDP represents domestic or international activity. GNI has gradually replaced GNP in international statistics. While being conceptually identical, it is calculated differently. GNI is the basis of calculation of the largest part of contributions to the budget of the European Union. In February 2017, Ireland's GDP became so distorted from the base erosion and profit shifting ("BEPS") tax planning tools of U.S. multinationals, that the Central Bank of Ireland replaced Irish GDP with a new metric, Irish Modified GNI*. In 2017, Irish GDP was 162% of Irish Modified GNI*.

reference

Full Form	Category
Green Island	Airport Code
Great Northern Iron Ore Properties	Business
Gross National Income	Business
Global Nickel Investments Ltd	Business
Guyana News and Information	Community
Gay Naturists International	Community
Global News Intelligence	Community
Global Network Initiative	General
Girls Night In	General
Global Names Index	General
Global Nexus Initiative	General
Guru Nanak Institutions	Governmental
GOURANDI	Indian Railway Station
Green Island, Taiwan China	Regional