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Modified Gross National Income

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Modified GNI is an indicator that was recommended by the Economic Statistics Review Group and is designed to exclude globalisation effects that are disproportionally impacting the measurement of the size of the Irish economy.

To produce Modified GNI we take GNI and adjust for:

  • factor income of redomiciled companies
  • depreciation on R&D service imports and trade in IP
  • depreciation on aircraft leasing
X-axis labelGDPGNI*NNI
2011171126.5114.9
2012175.1126.5115.9
2013179.6136.9124.9
2014195.1149.1136.1
2015262.9162.7145.7
2016270.8174.7156.9
2017300.4186.2165
2018327198.7175.7
2019356.1213.7187.6

Figure 3.1 above shows a comparison of Gross Domestic Product, Modified GNI and Net National Income from 2011 to 2019. Net National Income is equal to Gross National Income net of all depreciation.

X-axis labelDepreciation on R&D service imports and trade in IPFactor Income of redomiciled companiesDepreciation on aircraft leasingGross National IncomeModified Gross National Income
2011-4.2-5.5-2.4138.6126.5
2012-4.8-7.1-2.8141.1126.5
2013-5.1-6.5-3.1151.5136.9
2014-5.1-6.9-3.8164.8149.1
2015-30.1-4.7-4.6202.1162.7
2016-35.3-5.8-4.9220.7174.7
2017-42.5-4.5-6239.2186.2
2018-46.4-5-7.3257.5198.7
2019-49.7-4.2-7.9275.5213.7

Figure 3.2 shows the difference between GNI at current prices and Modified GNI at current prices as well as the adjustments. We can see that the series start to diverge in recent years, particularly from 2015, with most of the difference explained by the depreciation on R&D service imports and trade in IP.

X-axis labelGNIGNI*
2011161.2148.2
2012161145.6
2013169.8154.7
2014184.7168.4
2015210.1167.9
2016225.8177.8
2017240186.1
2018257.5198.7
2019266.2202.1

Figure 3.3 above shows a comparison of GNI and Modified GNI at constant prices from 2011 to 2019. Again we can see that the series start to diverge in recent years, particularly from 2015. 

Annex 1. Modified Gross National Income at Current Market Prices

Annex 1.1 Annual Percentage Changes in the Main Constituents of Annex 1

Annex 2. Modified Gross National Income at Constant Market Prices (chain linked annually and referenced to year 2018)

Annex 2.1 Annual Percentage Changes in the Main Constituents of Annex 2

Go to Net and Gross Value Added