national income

noun

1. the total net earnings from the production of goods and services in a country over a period of time, usually one year, and consisting essentially of wages, salaries, rent, profits, and interest.

national income

noun

1. economics the total of all incomes accruing over a specified period to residents of a country and consisting of wages, salaries, profits, rent, and interest

Word History and Origins

Origin of national income¹

First recorded in 1875–80

Example Sentences

Calculated by spending per head of the population, Denmark is ahead; but as a share of national income, its health spending is similar to, and in fact slightly below that of the UK's.

From BBC

The second rule was that debt must be falling as a share of national income by the end of a five-year period.

From BBC

The Labour governments under Sir Tony Blair and Gordon Brown committed to increasing the overseas aid budget to 0.7% of national income.

From BBC

The government's self-imposed fiscal rules include not borrowing to fund day-to-day spending and to get government debt falling as a share of national income by 2029/29.

From BBC

The second is that debt must be falling as a share of national income by the end of a five-year period.

From BBC