Gross National Income: A Guide to Forex Trading

5 min read

Gross National Income (GNI) is a measure of a country’s overall economic activity, defined as the total domestic and foreign output combined. It is typically calculated by adding up all the goods and services produced in the country, including exports and subtracting imports. The GNI figure is important for managing exchanges in foreign currency, allowing government and private economic organizations to access international markets and make accurate economic forecasts. Additionally, GNI is an indicator of the living standards of a people, as it can be used to compare income and consumption patterns among countries.