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

Nato countries are expected to spend 2% of their national income on defence.

From BBC

The Social Services Administration does not provide an official definition, but a 2014 analysis on its website suggested that the middle class encompasses the three middle quintiles of national income distribution.

From Salon

The Treasury announced government departments would spend £13.3bn on overseas development assistance this financial year – meeting its target of spending 0.5% of national income on aid.

From BBC

Labour has said it is committed to increasing spending on defence to 2.5% of national income when economic conditions allow.

From BBC

Labour has said it is committed to increasing spending on defence to 2.5% of national income when economic conditions allow, with the defence review setting out a "roadmap" for doing this.

From BBC