# What is the current national income?

## What is the current national income?

The nominal Net National Income (NNI), also known as National Income (at Current Prices) is likely to be ₹181.10 lakh crore during 2019-20, as against ₹168.37 lakh crore for the year 2018-19.

## What was the national income in 2019?

21,708,650,000,000

2020: 21,286,637,000,000
2019: 21,708,650,000,000
2018: 20,946,778,000,000
2017: 19,893,073,000,000
2016: 19,020,479,000,000

What is the US national gross income for 2016?

U.S. gni for 2016 was \$18,503.59B, a 1.67% increase from 2015.

### How do you calculate national net income?

Net national income is defined as gross domestic product plus net receipts of wages, salaries and property income from abroad, minus the depreciation of fixed capital assets (dwellings, buildings, machinery, transport equipment and physical infrastructure) through wear and tear and obsolescence. where: C = Consumption.

### Is GNP and national income the same?

GNP (Gross National Product) = GDP + net property income from abroad. This net income from abroad includes dividends, interest and profit. GNI (Gross National Income) = (similar to GNP) includes the value of all goods and services produced by nationals – whether in the country or not.

What is the total income of China?

China’s GDP was \$15.66 trillion (101.6 trillion yuan) in 2020. The country has natural resources with an estimated worth of \$23 trillion, 90% of which are coal and rare earth metals.

#### What is the average gross national income in the US?

U.S. gni per capita for 2019 was \$65,910, a 3.78% increase from 2018. U.S. gni per capita for 2018 was \$63,510, a 6.81% increase from 2017. U.S. gni per capita for 2017 was \$59,460, a 3.82% increase from 2016. U.S. gni per capita for 2016 was \$57,270, a 0.93% increase from 2015.

#### What is the US per capita income in 2021?

GDP per capita in the United States is expected to reach 56200.00 USD by the end of 2021, according to Trading Economics global macro models and analysts expectations.

How NNP is different from GNP?

Gross national product, or GNP, includes what is produced domestically and what is produced by domestic labor and business abroad in a year. Net national product, or NNP, is GNP minus depreciation. Depreciation is the process by which capital ages over time and therefore loses its value.

## Is national income same as net national income?

Net national income (NNI) is defined as gross national income minus the depreciation of fixed capital assets (dwellings, buildings, machinery, transport equipment and physical infrastructure) through wear and tear and obsolescence.