National income is an income concept obtained by deducting consumption of fixed capital from gross national income.
Gross national income represents total primary income receivable by resident institutional units: compensation of employees, taxes on production and imports less subsidies, gross operating surplus, gross mixed income and property income. Gross national income equals GDP minus primary income payable by resident units to non-resident units plus primary income receivable by resident units from the rest of the world.
Validity of the definition
- Valid until (31 December 2078)