national income

noun

: 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 These vulnerabilities underscore the limitations of using national income as a measure of climate resilience. Daphne Ewing-Chow, Forbes, 29 Feb. 2024 Russia is likely to devote a staggering 40% of its budget to the military in 2024 – 8% of national income. Tim Lister, CNN, 29 Jan. 2024 As a share of national income, total transfers have gone up almost threefold — from 5.2% in 1966 to 15.3% in 2019. Tyler Cowen, Twin Cities, 10 Jan. 2024 Russia is no longer remotely an economic power and has suppressed the minimum reporting of transparent national income statistics that is required to retain IMF membership. Jeffrey Sonnenfeld, Fortune, 20 Dec. 2023 In the most recent quarter, corporate profits accounted for slightly more than 15 percent of national income, representing a substantial increase from last year, when corporations earned close to $3 trillion in profit. Jeff Stein, Washington Post, 1 Dec. 2023 That’s about $40,000 more than the median national income and translates to a monthly house payment of $2,866, a record high. Michael Kolomatsky, New York Times, 26 Oct. 2023 The over-all national income is higher in the United States with free trade, but the majority of people are worse off. Dan Kaufman, The New Yorker, 28 Oct. 2023 The United States, the largest global donor in aggregate financial terms, contributes just 0.2 percent of its gross national income. Christopher B. Barrett, Foreign Affairs, 25 Sep. 2023 See More

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'national income.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

First Known Use

1878, in the meaning defined above

Time Traveler
The first known use of national income was in 1878

Dictionary Entries Near national income

Cite this Entry

“National income.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/national%20income. Accessed 4 Mar. 2024.

More from Merriam-Webster on national income

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