KYC Economy - GNI

GNI per capita (constant 2015 US$), G7

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Source: World Bank, WDI

Information

Data:

2015 - 2024, except United States and Japan 2015 -2023. Gross national income is the total income earned by all residents within an economic territory during an accounting period. It is equal to gross domestic product plus earned income receivable from abroad minus earned income payable abroad.

Info:

In 2024, Canada: 45K, decreased by 629 (1.4%), rank below Germany.

Difference of Canada and 5th place: 4.7K (10.65% of Canada)

In 2023, UK (2nd): 47K, Germany (3rd): 46K, Canada (4th): 46K, France (5th): 40K, Japan (6th): 38K.

Difference of Canada and 5th place: 5.9K (12.98% of Canada)

3 Differentiating Factors Behind Canada's GDP among G7:

1) Net Migration

-Net Migration (% of Population), G7

-Cumulative Net Migration, G7

-Cumulative Net Migration (% of Population), G7

2) International Students Policy

-No. of International Students, Canada

3) Natural Resources

-Total natural resources rents (% of GDP), G7

-Natural Resources Sector (GDP), Canada

-Natural Resources Sectors contributed to nominal GDP (% of GDP), Canada

Insights:

1)Three Differentiating Factors Behind Canada's GDP among G7

2)Without those 3 tricks and the historically low-interest-rate environment, what would be left?