Understanding GDP, GNP, GII, HDI, & GNI per capita

GDP

The total value of all goods and services produced within a country's borders over a specific period of time.

GNP

The total economic output produced by a country's residents and businesses, regardless of their location, during a specific period of time.

GNI

The total amount of income generated by a country's residents and businesses, both domestically and abroad, in a given year.

GII

A composite index that measures gender-based inequalities in health, education, and economic participation

HDI

An index that is used to measure the social and economic development of a country.

GNI per capita

The dollar value of a country's finale income in a year divided by its population. Often use to better understand a country's standard of living.