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5 16
National and International Accounts:
Income, Wealth, and the Balance
of Payments
1. The following partial table of the OECD’s 2004 ranking of member countries based
on their GDP per capita. Compute the ratio of GNI to GDP in each case. What does
this imply about net factor income from abroad in each country? Compute the GNI
rankings of these countries. Are there any major differences between the GDP and
the GNI rankings? What do these differences imply? Indicate?
GDP GNI
per Person per Person
1 Luxembourg $64,843 $53,299
2 Norway $41,880 $42,062
3 United States $39,660 $39,590
4 Ireland $36,536 $31,151
5 Switzerland $34,740 $37,638
6 Netherlands $33,571 $34,527
7 Iceland $33,271 $31,897
8 Austria $33,235 $32,843
9 Australia $32,643 $31,462
10 Canada $32,413 $31,751
11 Denmark $32,335 $32,232
12 Belgium $31,985 $31,675
13 United Kingdom $31,780 $32,470
14 Sweden $31,072 $31,007
15 Germany $29,916 $28,732
16 Finland $29,833 $30,361
17 Japan $29,173 $29,739
18 France $29,006 $29,287
19 Italy $27,744 $27,586
20
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