In 2022, GNI (LCU) for Singapore was 539,955 million LCU. Between 1973 and 2022, GNI (LCU) of Singapore grew substantially from 10,171 million to 539,955 million LCU rising at an increasing annual rate that reached a maximum of 22.70% in 1974 and then decreased to 13.40% in 2022.
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)
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