Gross national income at market prices in the European Union of 27 Member States (GNI) amounted to EUR 44.778 per inhabitant in 2020.
In 2007, the highest per capita GNI measured i purchasing power standards (PPS) was recorded for Luxembourg (more than twice of the EU-27 average) and the lowest was recorded for Bulgaria (less than half of the EU-27 average). Estonia, Ireland, Latvia and Lithuania were the Member States that in 2009 suffered the most from the
recession
In economics, a recession is a business cycle contraction when there is a general decline in economic activity. Recessions generally occur when there is a widespread drop in spending (an adverse demand shock). This may be triggered by various ...
experiencing declines of more than 10% in GNI (measured in PPS) over 2008.
stock market
A stock market, equity market, or share market is the aggregation of buyers and sellers of stocks (also called shares), which represent ownership claims on businesses; these may include ''securities'' listed on a public stock exchange, ...
have no direct impact on GNI).
Net national income differs from gross national income by the amount o consumption of fixed capital deducted.
GNI and the EU budget
More than three quarters of th is based on the member states' contributions calculated as a uniform percentage rate applied to the sum of all the member states' GNIs.
The GNI-base is governed b Council Regulation (EC, Euratom) 1287/2003 of 15 July 2003 on the harmonisation of gross national income at market prices (the GNI regulation), which lays downs the definition and calculation of GNI. The GNI regulation also specifies the provisions for the notification of the data and related methodological information by the member states to the European Commission Eurostat . Furthermore, the GNI regulation establishes the procedures to facilitate the verification of the GNI base for own resources, and, where necessary, the improvement of the comparability, reliability and exhaustiveness of the member states' GNI estimates. Eurostat validates the data calculated and transmitted by the member states.L. Nørlund: National accounts at the heart of EU policies SIGMA – The Bulletin of European Statistics 03/2008 p. 15 It is responsible fo monitoring GNI for own resource purposes for assessing the quality of the calculations and for verifying compliance with ESA 95 rules and related European law. Eurostat also calculates the European aggregates of GNI based on the national results transmitted by the member states.
See also
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List of European countries by GNI (nominal) per capita
This is a map of European countries by GNI (gross national income nominal) per capita for year 2021. High income in purple ($13,205 or more, as defined by the World Bank), upper middle income in orange ($4,256 and $13,205), and lower middle incom ...
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List of European countries by GNI (PPP) per capita
This is map and list of European countries by Gross national income (PPP) per capita for year 2020 from World Bank. Countries in green have more than $32,000, yellow $18,000-$32,000 and red below $18,000 GDP (PPP) per capitaMeasures of national income and output