Net national income

Gross national income (at market prices) represents total primary income receivable by resident institutional units in return for some engagement in productive activity: compensation of employees, taxes on production and imports less subsidies, property income (receivable less payable), gross operating surplus and gross mixed income. It corresponds to the better known GDP minus primary income payable by resident units to non-resident units, plus primary income receivable by resident units from the rest of the world. Net national Income equals Gross National income after deduction of the consumption of fixed capital.