Gross National Income for Bangladesh
MKTGNIBDA646NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
469,502,745,314.14
Year-over-Year Change
224.71%
Date Range
1/1/1973 - 1/1/2024
Summary
Gross National Income (GNI) for Bangladesh measures the total domestic and foreign output claimed by residents of a country. It is an important economic indicator used to assess a country's economic development and living standards.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
GNI represents the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output, plus net receipts of primary income (compensation of employees and property income) from abroad. It is a comprehensive measure of a country's economic activity and a key metric for policymakers and analysts.
Methodology
The data is collected and calculated by the World Bank using national accounts information.
Historical Context
GNI is widely used to evaluate economic performance and make international comparisons.
Key Facts
- Bangladesh's GNI per capita was $2,024 in 2021.
- GNI growth in Bangladesh averaged 5.3% from 2010-2021.
- GNI is an important measure of a country's economic health and living standards.
FAQs
Q: What does this economic trend measure?
A: Gross National Income (GNI) for Bangladesh measures the total domestic and foreign output claimed by residents of the country.
Q: Why is this trend relevant for users or analysts?
A: GNI is a comprehensive measure of a country's economic activity and a key metric used by policymakers, economists, and analysts to evaluate economic performance and make international comparisons.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using national accounts information.
Q: How is this trend used in economic policy?
A: GNI is widely used by governments, international organizations, and analysts to assess a country's economic development and living standards, informing policy decisions.
Q: Are there update delays or limitations?
A: The World Bank releases GNI data for Bangladesh on an annual basis, with some potential delay in the most recent year's figures.
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Citation
U.S. Federal Reserve, Gross National Income for Bangladesh (MKTGNIBDA646NWDB), retrieved from FRED.