(a) Estimates of gross national income

Current earmarkings are based on gross national income (GNI) per capita for 2001.

PCGNI level in line with economic reality

a Low income GNI per capita of 735 and less.

MERs not replaced

We repeat the goal is only 0.7 per cent of gross national income.

The fishing industry contributes 1.3 per cent to the Territory's GDP.

Total income for 2004 amounted to US 1,001.2 million.

For many low income countries, remittances as a share of GDP and imports are larger than in the case of middle income countries.

We are encouraged by efforts to meet the goal of 0.7 per cent of gross national income for ODA.

First, the scale for 2007 2009 should be based on the most current available GNI data.

Lower middle income GNI per capita between 736 and 2,935.

c 2003 per capita GNI estimate based on United Nations Statistics Division data.

However, although GNI was the best approximation of capacity to pay, it was not the only one.

This threshold was compared with the debt adjusted per capita GNI of each Member State.

The huge surge in the GDP growth rate of the more diversified economies brought overall per capita income up to its highest rate of 2.7 per cent.

Countries have long used national income accounts, with GDP as the main indicator, to describe economic performance.

The current shocks to GDP have led to falling levels of per capita income and brought widespread poverty.

He affirmed that any attempt to replace GNI criteria must first account for the requirements of most needy countries.

If absolute rate of change of PCGNI X

The US federal deficit is an alarming 12 of GDP, and public debt as a share of national income is already projected to double, to 80 of GDP.

Since after tax personal income accounts for about 75 of GDP, a household saving rate of 6 translates into just 4.5 of GDP.

The European Union has now set a clear timetable to achieve the 0.7 per cent target for aid.

In low income countries, half of all health care spending (about 2.5 of GDP) is out of pocket (compared to 2 in middle income countries).

Shifting income from those who would spend it to those who won t lowers aggregate demand.

Some held the view that the burden of debt was adequately reflected in the data for GNI, which included interest paid on external debt.

If the MER valuation index Y or Z (predetermined numbers to be decided by the Committee), meaning extreme overvaluation or extreme undervaluation of exchange rate

If the MER valuation index Y or Z (predetermined numbers to be decided by the Committee), meaning that there exist economic reasons to explain growth in PCGNI

Even among low income countries, the service sector represented 46 per cent of GDP in 2002, up from 38 per cent in 1980, as compared to an average share of 71 per cent of GDP in high income countries.27 The service sector tends to have lower rates of productivity growth than industry, but services were the largest contributor to net employment creation.

From the outset, we have led the efforts to increase this assistance to 0.7 per cent of gross national income by 2015.

This would eliminate the discontinuity, but it would also mean that the level of per capita GNI at which Member States benefited from the low per capita income adjustment, the point of inflexion, would be lower than the threshold.

The next step in the scale methodology was to convert GNI data to a single currency, the United States dollar.

But, despite their robust base and low administrative costs, excise taxes currently amount to less than 2 of low income countries GDP, compared to roughly 3 in high income countries.

As stated in paragraph 1, the recalculation uses 2003 per capita GNI and population data.

It had no objection to the use of GNI data covering periods up to 2004 in preparing the scale of assessments for 2007 2009.

If the change in GNI, expressed in United States dollars, is due solely to real economic growth, the index would be 1.0.

The resulting increases often come on top of an already significant increase due to a higher share of total membership GNI.

To correct this, China needs to boost its people s sense of future financial security and affect a rise in private income commensurate with GDP growth.

In the US, the poorest 20 of households receive just 5 of total income, putting their income at around one fourth of the national average.

As such, we welcome the recommitment to the Monterrey and Johannesburg outcomes and the renewed emphasis upon the achievement of the target of 0.7 per cent of gross national income for official development assistance.

However, the principal element of the methodology should continue to be capacity to pay, the most accurate reflection of which was gross national income (GNI).

In 2006, ODA was expected to increase to 77 billion, which would bring the share of ODA to gross national income to 0.29 per cent.

The Committee recommended that the scale of assessments for the period 2007 2009 should be based on the most current, comprehensive and comparable data available for GNI.

The Committee recalled that the next step in the scale methodology was to convert GNI data to a single currency, the United States dollar.

MERs not replaced