national income

American  

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.

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national income British  

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

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Etymology

Origin of national income

First recorded in 1875–80

Example Sentences

See Examples For:

national income

Burnham has said he wants to honour the UK's commitments on defence spending - including meeting a Nato target of spending 3.5% of national income by 2035.

From BBC ● Jul. 30, 2026

The government has committed to increasing defence spending to 3.5% of national income by 2035, in line with allies in the Nato military alliance.

From BBC ● Jun. 16, 2026

The possibility of a populist backlash is especially relevant currently, given that the share of national income going to labor is now at an all-time low.

From MarketWatch ● May 6, 2026

He said higher energy prices would boost national income, as Canada is a net crude-oil exporter.

From The Wall Street Journal ● Mar. 18, 2026

The result is, of course, an increase of the aggregate national income, and, at the same time, a decrease of rent.

From Principles of Political Economy, Vol. II by Roscher, Wilhelm