national income

noun

Definition of national income

: the aggregate of earnings from a nation's current production including compensation of employees, interest, rental income, and profits of business after taxes

Examples of national income in a Sentence

Recent Examples on the Web Some of those economic costs have already been borne in lower national income than would have been expected had the U.K. stayed in the EU. Jason Douglas, WSJ, "Brexit’s Unwinding of Integration With EU to Test U.K. Economy," 25 Dec. 2020 The ratio of the richest 10% of the population’s share of the gross national income (GNI) divided by the share of the poorest 40%. Amanda Shendruk, Quartz, "The main metric economists use to measure inequality is deeply flawed," 4 Dec. 2020 For comparison, China's gross national income (GNI) per capita was $10,410 in 2019, according to the World Bank. Ben Westcott, CNN, "China has reached a major milestone in ending absolute poverty. But the Communist Party isn't celebrating yet," 27 Nov. 2020 In a statement to lawmakers, Treasury chief Rishi Sunak said that the target to allocate 0.7% of national income to overseas aid will be cut to 0.5%. Fox News, "UK cuts overseas aid amid worst recession in over 300 years," 26 Nov. 2020 Currently more than 30% of national income comes from industries exposed to economic disruption and risk from climate change, according to the report. James Thornhill, Bloomberg.com, "Australia Risks Economic Hit on Climate Inaction, Deloitte Says," 1 Nov. 2020 Some economists have since pointed to higher over-all national income to argue that NAFTA, and the wider trend toward globalization, has been a net positive. Dan Kaufman, The New Yorker, "Will Trump’s Broken Promises to Working-Class Voters Cost Him the Election?," 31 Oct. 2020 The exploding gap between the dollars foreigners are reaping and the dollars the U.S. government needs to borrow is illustrated by the shift in the shares of national income going to imports versus deficits. Shawn Tully, Fortune, "The biggest economic threat facing the next administration: A weak dollar," 11 Oct. 2020 Increasing access to higher education for Black students could have added as much as $113 billion to national income. Bruce Bartlett, The New Republic, "The Right’s Farcical Denial of Systemic Racism," 5 Oct. 2020

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'national income.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of national income

1878, in the meaning defined above

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The first known use of national income was in 1878

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Statistics for national income

Last Updated

29 Dec 2020

Cite this Entry

“National income.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/national%20income. Accessed 20 Jan. 2021.

More from Merriam-Webster on national income

Britannica.com: Encyclopedia article about national income

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