Korea Per-Capita GNI Hits Record High in 2012 - 2 views
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Andrzej Z on 07 Feb 13I like this article because it is very short and it is related to the topic of this week. It is about the GNI in Korea. The GNI is the growth of the national income, consists of: the personal consumption expenditure, the gross private investment, the government consumption expenditures, the net income from assets abroad (net income receipts), and the gross exports of goods and services, after deducting two components: the gross imports of goods and services, and the indirect business taxes. The GNI is similar to the gross national product (GNP), except that in measuring the GNP one does not deduct the indirect business taxes. The GNI of Korea has experimented a very high grow this year, it is almost the double of the GNI from the year 2002. The nominal GNI from the last year was $118.7 billion, this information is based on the assumption that the country's nominal GDP expanded by 3.2 percent.