GNI (constant 2015 US$)

Gross National Income, previously termed Gross National Product, encompasses the total value generated by domestic producers along with product taxes (minus any subsidies) that are not factored into output valuations. It also accounts for net inflows of primary income from abroad, which includes compensation for employees and returns on investments. By utilizing constant prices from 2015, this indicator eliminates the impact of inflation, allowing for a more accurate comparison of economic performance over time. This measurement is crucial for understanding a nation's economic health, as it reflects the overall income available to residents, facilitating informed policy-making and investment decisions within the global economic landscape. Source: