NATIONAL INCOME Definition & Meaning

national income

noun

the total net earnings from the production of goods and services in a country over a period of time, usually one year, and consisting essentially of wages, salaries, rent, profits, and interest.

national income

noun

economics the total of all incomes accruing over a specified period to residents of a country and consisting of wages, salaries, profits, rent, and interest

Discover More

�y��vlog History and Origins

Origin of national income¹

First recorded in 1875–80

Discover More

Example Sentences

Examples have not been reviewed.

This is to be funded by reducing overseas aid spending to 0.3% of gross national income.

From

The government announced earlier this month that it would cut the foreign aid budget to increase military spending to 2.5% of national income by 2027.

From

It is also pointed out that Germany's national debt is vastly smaller than the UK's as a share of national income.

From

In its election manifesto, Labour pledged to restore development spending to 0.7% of gross national income "as soon as fiscal circumstances allow" - a goal the government says it is still committed to.

From

The damage to Mexico's national income could be less severe, but its central bank has less capacity to cut interest rates making it harder to deflect the pain.

From

Browse