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Gross national income rose to 92.21 billion euros last year

Gross national income rose to 92.21 billion euros last year

Last update: 21.10.2020
Ilustratívny obrázok/Illustrative image
Publisher: Headquarters Bratislava
Topic: Macroeconomic statistics
Domain: National accounts
Publish Date: 21.10.2020

The gross national income (GNI) of the Slovak Republic in 2019 reached the value of 92.21 billion EUR, which is 4.5% higher than GNI in 2018. GNI data for the previous period since 2010 have been adjusted according to the international methodology in the range from -0.03 percent to +0.19 percent of GNI. GNI data are published and specified by EU Member States and submitted to Eurostat at the regular autumn deadline. Data for the Slovak Republic are submitted by the Statistical Office of the Slovak Republic

The GNI data serve as a basis for determining the amounts by which the Slovak Republic contributes to the EU budget, and is the key to setting subsidies from the EU budget. The value of GNI is determined from the value of GDP, which expresses the overall performance of the economy created in the territory of the Slovak Republic.

According to European legislation, Member States provide the EU to the Commission (Eurostat) each year with data on GNI and its components by 1 October, including the Report on Quality of the GNI Data1).

Compared to the previous publication of GNI data in 2019, the Statistical Office of the Slovak Republic made standard routine adjustments in 2016 to 2018 on the basis of updated information from statistical and administrative data sources. In addition, the data in the 2010-2018 time series also incorporate the results of addressing the Commission's reservation on sector classification. The impact of these changes on GNI is quantified in the Annex quality of GNI data (pdf - 140 kB).

GNI equals GDP minus primary income payable by resident institutional units to non-resident institutional units plus primary income receivable by resident institutional units from the rest of the world.

The primary income paid to the rest of the world covers the compensation of employees, property income and taxes on production and import paid to the institutions of the EU. On the other hand, the primary income received from the rest of the world includes compensation of employees, property income and subsidies received from the institutions of the EU.

Note:
1) Article 2 (paragraphs 2 and 3) of Regulation (EU) 2019/516 of the European Parliament and of the Council on the harmonization of gross national income at market prices (GNI Regulation)


DATAcube. database data source:

Gross national income [nu1043rs]

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