Gross National Income (GNI) - Definition and Real-World Example. Which country has highest GNI? According to the World Bank, the country with the highest GNI per capita is Luxembourg, with a GNI of $112,710 per capita. This is followed by Switzerland ($86,760), Norway ($79,990), and Iceland ($77,180). Which country has the highest total GNI? According to the World Bank, the United States has the highest total GNI of any country in the world.
What is GNI according to World Bank?
The World Bank defines GNI as the sum of a country's gross domestic product (GDP), plus its net income from abroad. This includes both earned income, such as wages and salaries, and unearned income, such as interest and dividends. GNI is a more comprehensive measure of a country's economic activity than GDP, and is often used to assess a country's standard of living.
What are some disadvantages of using GNI as a measure of development? There are a few disadvantages of using GNI as a measure of development. First, GNI does not account for the distribution of income within a country. This can lead to a bias in measuring development, as countries with a high GNI but large income inequality will appear more developed than countries with a lower GNI but more equal income distribution. Second, GNI does not account for environmental factors or natural resources. This means that countries with large reserves of natural resources may appear more developed than countries with fewer resources but better environmental sustainability practices. Finally, GNI does not account for social factors such as health or education. This means that countries with high GNI but low levels of social development may appear more developed than countries with lower GNI but higher levels of social development. What country has the highest GNI 2022? According to the World Bank, the country with the highest GNI in 2022 will be Qatar. Qatar's GNI is projected to be $138.5 billion in 2022, which is more than double the GNI of the runner-up, the United Arab Emirates.