U.S. net saving as a percentage of gross national income

Re:U.S. net saving as a percentage of gross national income by nonethewiser on Monday November 06, 2023 @06:43PM (#38170939)

Is gross national income simply all household income?

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Re:U.S. net saving as a percentage of gross national income by onlyrealcuzzo on Monday November 06, 2023 @06:46PM (#38170981)

https://en.m.wikipedia.org/wiki/Gross_national_income

IIUC, GDP counts income owned by foreigners that happened in the US. GNP counts income only owned by residents of the US that happened in the US.

If someone from China owns a toaster making factory in the US, which employs no one, and it generates $100M of toasters a year - that's in GDP but not GNP.

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Re:U.S. net saving as a percentage of gross national income by sokoloff on Monday November 06, 2023 @07:48PM (#38171562)

That toaster factory is in US GDP and in China’s GNP. (I think.)

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Re:U.S. net saving as a percentage of gross national income by kasdi on Wednesday November 08, 2023 @06:13AM (#38188889)

> GNP counts income only owned by residents of the US that happened in the US.

Also income of US residents that happened outside the US, no?

IIUC, "domestic" is location-based while "national" is residency-based.

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Re:U.S. net saving as a percentage of gross national income by kasdi on Wednesday November 08, 2023 @06:04AM (#38188827)

IIUC, it is income of any "person" of the nation, including personal, business and government.

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