The gross national income ( GNI ), previously known as gross national product ( GNP ), is the total amount of factor incomes earned by the residents of a country. it is equal to gross domestic product (GDP), plus factor incomes received from non-resident by residents, minus factor income paid by residents to non-resident.
59-743: The Foxdale River is a river of the Isle of Man which rises east of the South Barrule and flows 5 km north through Foxdale to join the River Neb at St John's . 54°11′12″N 4°38′30″W / 54.1867°N 4.6417°W / 54.1867; -4.6417 This article related to a river in the Isle of Man is a stub . You can help Misplaced Pages by expanding it . Isle of Man The Isle of Man ( Manx : Mannin [ˈmanɪnʲ] , also Ellan Vannin [ˈɛlʲan ˈvanɪnʲ] ) or Mann ( / m æ n / man ),
118-583: A country's capital or labour resources are employed outside its borders, or when a foreign firm is operating in its territory, GDP and GNP can produce different measures of total output. In 2009 for instance, the United States estimated its GDP at $ 14.119 trillion , and its GNP at $ 14.265 trillion. The term gross national income (GNI) has gradually replaced the Gross national product (GNP) in international statistics. While being conceptually identical,
177-482: A lack of strategic value of Man during the era of Britannia. No Roman lighthouses or signal towers have yet been found on Man. Around the 5th century AD, large-scale migration from Ireland precipitated a process of Gaelicisation , evidenced by Ogham inscriptions, and the Manx language developed. It is a Goidelic language closely related to Irish and Scottish Gaelic . In the 7th century, Man came under control of
236-526: A seventh kingdom, that of the sea, or Neptune . The Isle of Man has a temperate oceanic climate ( Köppen Cfb ). Average rainfall is higher than averaged over the territory of the British Isles, because the Isle of Man is far enough from Ireland for the prevailing south-westerly winds to accumulate moisture. Average rainfall is highest at Snaefell , where it is around 1,900 millimetres (75 in)
295-486: A welcome further development of the island's international relationships." Most Manx politicians stand for election as independents rather than as representatives of political parties. Although political parties do exist, their influence is not as strong as in the United Kingdom. There are three political parties in the Isle of Man: There are also a number of pressure groups on the island. Mec Vannin advocate
354-641: A year. At lower levels it can be around 800 millimetres (31 in) a year. In drier spots, the Isle of Man is sunnier than either Ireland or the majority of England at 1,651 hours per year at the official Ronaldsway station. The highest recorded temperature was 28.9 °C (84.0 °F) in Ronaldsway on 12 July 1983. Due to the moderate surface temperatures of the Irish Sea, the island does not receive bursts of heat that sometimes can hit Northern England. The stable water temperature also means that air frost
413-520: Is a long history of relations and cultural exchange between the Isle of Man and Ireland . The Isle of Man's historic Manx language and its modern revived variant are closely related to both Scottish Gaelic and the Irish language and, in 1947, Éamon de Valera , the Taoiseach of Ireland, spearheaded efforts to save the dying Manx language. The Isle of Man is not part of the United Kingdom; however,
472-561: Is a self-governing British Crown Dependency in the Irish Sea , between Great Britain and Ireland . It is recognised as one of the Celtic nations and is the homeland of the Manx people , a Celtic ethnic group. As head of state , Charles III holds the title Lord of Mann and is represented by a Lieutenant Governor . The government of the United Kingdom is responsible for the Isle of Man's military defence and represents it abroad, but
531-517: Is also the less ambiguous gross national income . GNP is an economic statistic that is equal to GDP plus any income earned by residents from overseas investments minus income earned within the domestic economy by overseas residents. GNP does not distinguish between qualitative improvements in the state of the technical arts (e.g., increasing computer processing speeds), and quantitative increases in goods (e.g., number of computers produced), and considers both to be forms of " economic growth ". When
590-508: Is an island located in the middle of the northern Irish Sea , almost equidistant from England to the east, Northern Ireland to the west and Scotland (closest) to the north, while Wales to the south is almost the distance of the Republic of Ireland to the southwest. It is 52 kilometres (32 mi) long and, at its widest point, 22 kilometres (14 mi) wide. It has an area of around 572 square kilometres (221 sq mi). Besides
649-428: Is as a measure of a nation's economic well-being, as it does not count most unpaid work and counts much economic activity that is unproductive or actually destructive. While GDP measures the market value of all final goods and services produced in a given country, GNI measures income generated by the country's citizens, regardless of the geographic location of the income. In many states, those two figures are close, as
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#1732786628315708-665: Is claimed to have been in continuous existence since 979 or earlier, purportedly making it the oldest continuously governing body in the world, though evidence supports a much later date. Tynwald is a bicameral or tricameral legislature, comprising the House of Keys (directly elected by universal suffrage with a voting age of 16 years) and the Legislative Council (consisting of indirectly elected and ex-officio members ). These two bodies also meet together in joint session as Tynwald Court. The executive branch of government
767-648: Is found in the Sagas of Icelanders as Mön . The name is probably cognate with the Welsh name of the island of Anglesey , Ynys Môn , usually derived from a Celtic word for 'mountain' (reflected in Welsh mynydd , Breton menez and Scottish Gaelic monadh ), from a Proto-Celtic *moniyos . The name was at least secondarily associated with that of Manannán mac Lir in Irish mythology (corresponding to Welsh Manawydan fab Llŷr ). In
826-479: Is higher than it’s GDP as a lot of french residents work in Luxembourg , Monaco or Switzerland ; while India GNI is lower than it’s GDP despite being the larger receiver of remittance. GNI also include the propriety income: rent, interest and “profit”. The “profit” included both distributed income of corporation (dividends) and reinvested earning on foreign direct investment , those are profit retained by
885-522: Is rare, averaging just ten occasions per year. On 10 May 2019 Chief Minister Howard Quayle stated that the Isle of Man Government recognises that a state of emergency exists due to the threat of anthropogenic climate change . The United Kingdom is responsible for the island's defence and ultimately for good governance , and for representing the island in international forums, while the island's own parliament and government have competence over all domestic matters. The island's parliament, Tynwald ,
944-543: Is relatively flat, consisting mainly of deposits from glacial advances from western Scotland during colder times. There are more recently deposited shingle beaches at the northernmost point, the Point of Ayre . The island has one mountain higher than 600 metres (2,000 ft), Snaefell , with a height of 620 metres (2,034 ft). According to an old saying, from the summit one can see six kingdoms: those of Man, Scotland, England, Ireland, Wales and Heaven . Some versions add
1003-669: Is the Council of Ministers , which is composed of Members of Tynwald (usually Members of the House of Keys, though Members of the Legislative Council may also be appointed as Ministers). It is headed by the Chief Minister . Vice-regal functions of the head of state are performed by a lieutenant governor . In various laws of the United Kingdom, "the United Kingdom" is defined to exclude the Isle of Man. Historically,
1062-401: Is the market value of all the goods and services produced in one year by labor and property supplied by the citizens of a country. Unlike gross domestic product (GDP), which defines production based on the geographical location of production, GNP indicates allocated production based on location of ownership. In fact it calculates income by the location of ownership and residence, and so its name
1121-580: The Anglo-Saxon King Edwin of Northumbria , who then launched raids from Man into Ireland . How much influence the Northumbrians exerted on Man is unknown, but very few place names on Man are of Old English origin. Vikings arrived at the end of the 8th century. They established Tynwald and introduced many land divisions that still exist. In 1266 King Magnus VI of Norway ceded the islands to Alexander III, King of Scots , in
1180-535: The Commonwealth Games . The Government of the Isle of Man has made calls for a more integrated relationship with the Commonwealth, including more direct representation and enhanced participation in Commonwealth organisations and meetings, including Commonwealth Heads of Government Meetings. The Chief Minister of the Isle of Man has said: "A closer connection with the Commonwealth itself would be
1239-700: The French Revolutionary Wars and Napoleonic Wars . The 1st Battalion (of 3 companies) was raised in 1793. A 2nd Battalion (of 10 companies) was raised in 1795, and it saw action during the Irish Rebellion of 1798 . The regiment was disbanded in 1802. A third body of Manx Fencibles was raised in 1803 to defend the island during the Napoleonic Wars and to assist the Revenue. It was disbanded in 1811. The Isle of Man Home Guard
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#17327866283151298-688: The Legislative Council was appointed by the Crown. Since then, democratic government has been gradually extended. During both World Wars, the island was used for the internment of people originating from enemy countries. In recent times, the economy of the island has benefited from regulatory arbitrage in various contexts, such as low taxes. These have attracted wealthy individuals and, together with relatively low government interference, industries such as offshore financial services and more recently gambling. The Isle of Man has designated more than 250 historic sites as registered buildings . The Isle of Man
1357-706: The Lieutenant Governor of the Isle of Man , who is formally responsible for issuing Isle of Man–issued British passports, titled " British passport – Isle of Man " . The powers conferred on the UK Secretary of State by the British Nationality Act 1981 extend to and are exercised in the Isle of Man by the Lieutenant Governor. Isle of Man-issued British passports can presently be issued to any British citizen resident in
1416-716: The OECD reports, in 2015 alone, Armenia has received a total of US$ 409 million development assistance. Over the past 25 years, USAID has provided more than one billion USD to improve the living of the people in Armenia. GNI equals GDP plus wages, salaries, and property income of the country's residents earned abroad that also constitutes the higher GNI figure. According to the UN report on migration from Armenia in 2015–17, every year around 15–20 thousand people leave Armenia permanently, and roughly 47% of those are working migrants that leave
1475-662: The Treaty of Perth . But Scottish rule over Man did not become firmly established until 1275, when the Manx were defeated in the Battle of Ronaldsway , near Castletown . In 1290 King Edward I of England sent Walter de Huntercombe to take possession of Man. It remained in English hands until 1313, when Robert the Bruce took it after besieging Castle Rushen for five weeks. In 1314, it
1534-778: The University College Isle of Man function under the department. Two-thirds of residents of Man are overweight or obese, four in ten are physically inactive, one-quarter are binge drinkers, one in twelve smoke cigarettes and about 15% are in poor general health. Healthcare is provided via a public health scheme by the Department of Health and Social Care for residents and visitors from the UK. The Crime Severity Rate in Man, which largely measures crimes directed against persons or property, remains substantially less than that in
1593-513: The base erosion and profit shifting ("BEPS") tax planning tools of U.S. multinationals, that the Central Bank of Ireland replaced Irish GDP with a new metric, Irish Modified GNI (or "GNI*"). In 2017, Irish GDP was 162% of Irish Modified GNI. GNI contrast with net national income : GNI = NNI - Depreciation The Atlas method can be applied to correct for fluctuating exchange rates . The modern concept of GNP, along with GDP,
1652-558: The genitive case as Vannin ( IPA: [vanɪnʲ] ), with initial consonant mutation , hence Ellan Vannin , "Island of Mann". The short form used in English is spelled either Mann or Man. The earliest recorded Manx form of the name is Manu or Mana . The Old Irish form of the name is Manau or Mano . Old Welsh records named it as Manaw , also reflected in Manaw Gododdin ,
1711-457: The 9th century, Norsemen established the thalassocratic Kingdom of the Isles , which included the Isle of Man. Magnus III , King of Norway from 1093 to 1103, reigned as King of Man and the Isles between 1099 and 1103. In 1266, King Magnus VI of Norway sold his suzerainty over Mann to King Alexander III of Scotland under the Treaty of Perth . After a period of alternating rule by
1770-531: The Isle of Man Parliament , Tynwald , became the first national legislative body in the world to give women the right to vote in a general election, although this excluded married women. The Manx economy is bolstered by its status as a tax haven and offshore banking destination. Insurance and online gambling each generate 17% of the GNP , followed by information and communications technology and banking with 9% each. This status has, however, also brought
1829-535: The Isle of Man and to British citizens who have a qualifying close personal connection to the Isle of Man but are now resident either in the UK or in either one of the two other Crown Dependencies. The Isle of Man was never part of either the EEC or the European Union (EU), nor did it have a special status , and thus it did not take part in the 2016 (Brexit) referendum on the UK's EU membership. However, it
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1888-487: The Isle of Man still has a separate international identity. Humans have lived on the island since before 6500 BC. Gaelic cultural influence began in the 5th century AD, when Irish missionaries following the teaching of St. Patrick began settling the island, and the Manx language , a branch of the Goidelic languages , emerged. In 627, King Edwin of Northumbria conquered the Isle of Man along with most of Mercia . In
1947-699: The Kings of Scotland and England , the island came under the feudal lordship of the English Crown in 1399. The lordship revested in the British Crown in 1765, but the island did not become part of the 18th-century Kingdom of Great Britain , nor of its successors, the United Kingdom of Great Britain and Ireland and the present-day United Kingdom of Great Britain and Northern Ireland . It has always retained its internal self-government. In 1881,
2006-459: The UK has taken care of its external and defence affairs and retains paramount power to legislate for the Island. However, in 2007, the Isle of Man and the UK signed an agreement that established frameworks for the development of the international identity of the Isle of Man. There is no separate Manx citizenship. Citizenship is covered by UK law, and Manx people are classed as British citizens. There
2065-680: The UK is responsible for its defence and external affairs. There are no independent military forces on the Isle of Man, although HMS Ramsey was affiliated with the town of the same name . From 1938 to 1955, there existed the Manx Regiment of the British Territorial Army (TA), which saw extensive action during the Second World War . During the English Civil War , the 7th Earl of Derby , who
2124-557: The United Kingdom, although the rate of violent crime has been increasing in recent years. Most violent crime is associated with the trade in illegal drugs. Gross national product In contrast to GDP, GNI is not a concept of value added, but a concept of income. GNI is the basis of calculation of the largest part of contributions to the Budget of the European Union . In February 2017, Ireland's GDP became so distorted from
2183-657: The beginning of farming, and the people began to build megalithic monuments , such as Cashtal yn Ard in Maughold parish , King Orry's Grave in Laxey , Mull Hill near Cregneash and Ballaharra Stones at St John's . There were also the local Ronaldsway and Bann cultures . During the Bronze Age , the size of burial mounds decreased. The people put bodies into stone-lined graves with ornamental containers. The Bronze Age burial mounds survived as long-lasting markers around
2242-1112: The corporation. Like in the IMF balance of payments manual they are treated as if they were distributed to foreign direct investors in proportion to their ownership of the equity of the enterprise and then reinvested by them by means of additions in equity. The GNI of EU countries also included subsided received from the EU institution and excluded tariff as those are received by EU institution. GNI contrast with Gross national disposable income with included all current transfer income like international cooperation and remittance. G N I = G D P + Money flowing from foreign countries − Money flowing to foreign countries {\displaystyle \mathrm {GNI} =\mathrm {GDP} +{\text{Money flowing from foreign countries}}-{\text{Money flowing to foreign countries}}} Nominal, Atlas method – millions of current US$ (top 15) PPP – millions of international dollars (top 15) Gross national product ( GNP )
2301-602: The country to earn income and sustain the families left in Armenia. In 2016 Armenian residents received in a total of around $ 150 million remittances. Armenia's GNI, measured in US dollars, amounted to USD 13.5 billion in 2021, according to the National Statistical Office. This is an 8.23% increase over the prior year. GNI in USD terms in Armenia has historically ranged from a record high of USD 13.8 billion in 2019 to
2360-523: The countryside. The ancient Romans knew of the island and called it Insula Manavia . During the four centuries when Rome ruled the Province of Britannia , the Roman military controlled the Irish Sea, providing safe passage of agricultural goods from the productive farms of Anglesey to Roman settlements at the English – Scottish frontier. Only a few Roman artefacts have been found on Man, suggesting
2419-517: The difference between income received by the country versus payments made to the rest of the world is not significant. According to the World Bank , the GNI of the US in 2016 was 1.5% higher than GDP. In developing countries, on the other hand, the difference might be significant due to a large amount of foreign aid and capital inflow. In 2016, the GNI of Armenia was 4.45% higher than GDP. Based on
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2478-403: The earliest Irish mythological texts, Manannán is a king of the otherworld , but the 9th-century Sanas Cormaic identifies a euhemerised Manannán as "a famous merchant who resided in, and gave name to, the Isle of Man". (Though others suggest it was the Isle that lent its name to the merchant, refer exhibit in "House of Manannan", of Isle of Man Museum, Peel.) Later, a Manannán is recorded as
2537-564: The end of the implementation period, the Isle of Man's relationship with the EU would depend on the agreement reached between the UK and the EU on their future relationship. The Isle of Man is not a member of the Commonwealth of Nations . By virtue of its relationship with the United Kingdom, it takes part in several Commonwealth institutions, including the Commonwealth Parliamentary Association and
2596-460: The establishment of a sovereign republic . The Positive Action Group campaign for three key elements to be introduced into the governance of the island: open accountable government, rigorous control of public finances and a fairer society. Local government on the Isle of Man is based partly on the island's 17 ancient parishes. There are four types of local authorities: Each of these districts has its own body of commissioners. The Isle of Man
2655-466: The first king of Man in a Manx poem (dated 1504). The island was cut off from the surrounding islands around 8000 BC as sea levels rose following the end of the last ice age. Humans colonised it by travelling by sea some time before 6500 BC . The first occupants were hunter-gatherers and fishermen. Examples of their tools are kept at the Manx Museum . The Neolithic Period marked
2714-451: The given country” Despite framing GNP as concept of production, the attribution of the value was define by the income earned by owner of the factor of production. In the 1993 revision to the SNA, GNP definition was reframed from the point of view of the residents receiving income rather than the point of view of the factor of production. To reflect this, GNP was renamed GNI; the “national” part
2773-625: The government of the island in all respects and had control over its finances but was subject to the approval of the Lord of Mann. In 1765, the Act of Revestment occurred, whereby the feudal rights of the Dukes of Atholl as Lords of Man were purchased and revested into the British Crown. In 1866, the Isle of Man obtained limited home rule, with partly democratic elections to the House of Keys , but
2832-437: The island of Man itself, the political unit of the Isle of Man includes some nearby small islands: the seasonally inhabited Calf of Man , Chicken Rock (on which stands an unstaffed lighthouse), St Patrick's Isle and St Michael's Isle . The last two of these are connected to the main island by permanent roads/causeways. Ranges of hills in the north and south are separated by a central valley. The northern plain, by contrast,
2891-535: The name for an ancient district in north Britain along the lower Firth of Forth . In the 1st century AD, Pliny the Elder records it as Monapia or Monabia , and Ptolemy (2nd century) as Monœda ( Mοναοιδα , Monaoida ) or Mοναρινα ( Monarina ), in Koine Greek . Later Latin references have Mevania or Mænavia ( Orosius , 416), and Eubonia or Eumonia by Irish writers. It
2950-652: The precise calculation method has evolved at the same time as the name change. The United States used GNP as its primary measure of total economic activity until 1991, when it began to use GDP. In making the switch, the Bureau of Economic Analysis (BEA) noted both that GDP provided an easier comparison of other measures of economic activity in the United States and that "virtually all other countries have already adopted GDP as their primary measure of production". Many economists have questioned how meaningful GNP or GDP
3009-538: The problems of money laundering , financial crime and terrorism financing. The Isle of Man is also known for the TT Motorcycle Races, and the Manx cat , a breed with short or no tails. In 2016, UNESCO awarded the Isle of Man biosphere reserve status . The Manx name of the Isle of Man is Ellan Vannin : ellan ( Manx pronunciation: [ɛlʲan] ), a Manx word meaning "island"; Mannin ( IPA: [manɪnʲ] ) appears in
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#17327866283153068-595: The same circumstances and restrictions as any other non-EU European relating country to work in the EU. The political and diplomatic impacts of Brexit on the island are still uncertain. The UK confirmed that the Crown Dependencies' positions were included in the Brexit negotiations . The Brexit withdrawal agreement explicitly included the Isle of Man in its territorial scope, but makes no other mention of it. The island's government website stated that after
3127-656: Was also the Lord of Mann, conscripted 10 men from each parish (170 in total) to fight for the Royalist cause; the majority were killed at the Battle of Wigan Lane in 1651. In 1779, the Manx Fencible Corps , a fencible regiment of three companies, was raised; it was disbanded in 1783 at the end of the American War of Independence . Later, the Royal Manx Fencibles was raised at the time of
3186-500: Was first developed by Simon Kuznets for a 1934 U.S. Congress report. Countries like the US and the UK originally preferred GNP as a mesure of economic activity while other like Norway preferred GDP. Overtime communication harmonize around GDP included in the US which switched in 1991. GNP was defined in the 1953 SNA as : “the market value of product before deduction of provisions of consumption of fixed capital, attributable to factors of production supplied by normal residents of
3245-467: Was included within the EU's customs area , as part of Protocol 3 of the UK's Act of Accession to the Treaty of Rome , allowing Manx goods to be traded throughout the EU without tariffs. It was not part of the EU's internal market and there were still limitations on the movement of capital, services and labour. EU citizens were entitled to travel and reside, but not work, in the island without restriction. British citizens with Manxman status were under
3304-450: Was keep as it is embedded in economic usage, even though the same concept of residence is use to defined both GDP and GNI. GNP continue to be uses in the National income and product accounts to referd to GNI calculated for expenditure data. GNI include the salaries and wages of cross-border commuter and seasonal worker working oversea but do not include remittance send by worker to their family oversea. This explain why France GNI
3363-446: Was raised during the Second World War for home defence. In 2015 a multi-capability recruiting and training unit of the British Army Reserve was established in Douglas. There is no citizenship of the Isle of Man as such; Isle of Man residents are entitled to British citizenship and can obtain a full UK British passport or British Isle of Man passport. The Passport Office, Isle of Man, Douglas, accepts and processes applications for
3422-452: Was retaken for the English by John Bacach of Argyll. In 1317, it was retaken for the Scots by Thomas Randolph, 1st Earl of Moray and Lord of the Isle of Man. It was held by the Scots until 1333. For some years thereafter control passed back and forth between the two kingdoms until the English took it for the final time in 1346. The English Crown delegated its rule of the island to a series of lords and magnates. Tynwald passed laws concerning
3481-484: Was the last place in the British Isles to legalise same-sex sexual activity. While it had been legal in England and Wales since 1967, it remained illegal in the Isle of Man until 1992. The Isle of Man's former Chief Minister Howard Quayle issued an "unqualified apology" to gay men convicted of same-sex offences under previous Manx laws. Public education is overseen by the Department of Education, Sport & Culture. Thirty-two primary schools, five secondary schools and
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