ABSTRACT

Gross National Income (GNI) has become the most common way of measuring a country’s wealth. It combines the value of goods – the things people make, grow or extract from the ground – with the value of services. It does not distinguish between the other merits of the goods or services (such as whether they are environmentally sound, socially destructive, morally acceptable). And it only offers a measure of wealth – not an indication of how it is used.