[Economic term] Foreign net factor income

Today's economic term is net foreign factor income.

Net overseas received factor income is calculated by subtracting the overseas paid factor income generated by domestic foreigners participating in production activities from the overseas received factor income received by citizens of a country in return for providing production factors such as labor and capital abroad. It is obtained by adding net corporate and property income and employee compensation.

In other words, net foreign factor income means the difference between the gross domestic product resulting from the participation of all economic entities in the country in production activities and the gross national income resulting from the participation of a country's citizens in production activities.

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