It is called GNI(GROSS NATIONAL INCOME)
GNI PPP is gross national income converted to international dollars using purchasing power parity rates.
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As of 2023, the United States has the highest national income, measured by Gross National Income (GNI). This is due to its large and diverse economy, which includes significant contributions from technology, finance, healthcare, and consumer goods sectors. Other countries with high national incomes include China and Japan, but they do not surpass the U.S. in total GNI.
The World Bank classifies countries into income categories based on their gross national income (GNI) per capita. As of 2023, high-income countries typically have a GNI per capita of $13,205 or more. This classification reflects the economic performance and living standards in these nations, which tend to have more developed infrastructures and higher quality of life. However, specific average income figures can vary widely within this category.
The International Monetary Fund (IMF) classifies countries into three economic groups based on their income levels: low-income, middle-income, and high-income countries. Low-income countries have a gross national income (GNI) per capita of $1,045 or less, middle-income countries are further divided into lower-middle-income (GNI per capita between $1,046 and $4,095) and upper-middle-income (GNI per capita between $4,096 and $12,695), while high-income countries have a GNI per capita of $12,696 or more. This classification helps in tailoring economic policies and financial assistance programs.
The four criteria are:Low income countries had GNI per capita of US$1,026 or less.Lower middle income countries had GNI per capita between US$1,026 and US$4,036.Upper middle income countries had GNI per capita between US$4,036 and US$12,476.High income countries had GNI above US$12,476.However I have also hear the definition as - Kofi Annan, former Secretary-General of the United Nations, defined a developed country as follows: "A developed country is one that allows all its citizens to enjoy a free and healthy life in a safe environment."If you look up most of the GDP's in these countries they are relatively low. There are other factors but that is the most obvious one.
Gross National Income (GNI) comprises the total value k produced within a country (i.e. its Gross Domestic Product), together with its income received from other countries (notably interest and dividends), less similar payments made to other countries. For example, if a British-owned company operating in another country sends some of its income (profits) back to UK, the UK's GNI is enhanced. Similarly, the repatriation of profit from a US-owned company operating in the UK will count towards US GNI, but not count towards UK GNI.
Strabane - GNI - railway station ended in 1965.
Strabane - GNI - railway station was created in 1847.
TRIAD is a cluster of countries which account for over 50% of the world GDP (Gross Domestic Product) while only accounting for 8% of the world's population. The GNI (Gross National Income) of the TRIAD countries is about 48% of the world's GNI. The TRIAD countries include the NAFTA, the European Union and the industrialized Eastern Asia (Japan, Taiwan, South Korea, Hong Kong, Singapore).
It is called GNI(GROSS NATIONAL INCOME)
Africa India Cuba
80.1 years
GNI PPP is gross national income converted to international dollars using purchasing power parity rates.
The United States ranks higher in global murder rates compared to many other developed countries.
The cost of alcohol-related collisions globally is estimated to be around $200 billion annually. In contrast, the Gross National Income (GNI) of the world is approximately $100 trillion. This means that the fraction of the cost of alcohol-related collisions compared to the world GNI is roughly 0.2%, or 1/500. This highlights the significant economic burden that alcohol-related accidents impose on society.