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In 2017, GNI (LCU) for Singapore was 431,376 million LCU. GNI (LCU) of Singapore increased from 145,556 million LCU in 1998 to 431,376 million LCU in 2017 growing at an average annual rate of 6.05 %.The description is composed by our digital data assistant.
Gross national income (GNI) is GDP less net taxes on production and imports, less compensation of employees and property income payable to the rest of the world plus the corresponding items receivable from the rest of the world (in other words, GDP less primary incomes payable to non-resident units plus primary incomes receivable from non-resident units). An alternative approach to measuring GNI at market prices is as the aggregate value of the balances of gross primary incomes for all sectors; (note that gross national income is identical to gross national product (GNP) as previously used in national accounts)