Gross National Income for Burundi
MKTGNIBIA646NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,172,597,332.31
Year-over-Year Change
-6.63%
Date Range
1/1/1960 - 1/1/2024
Summary
Gross National Income (GNI) for Burundi measures the total domestic and foreign income earned by a country's residents and businesses. It is a key indicator of a country's economic performance and standard of living.
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 value of all goods and services produced within a country (its gross domestic product), plus income Burundian residents earn from sources outside the country, minus income earned within Burundi by residents of other countries. GNI is a widely used metric for evaluating economic development.
Methodology
GNI data for Burundi is collected and calculated by the World Bank using national accounts information.
Historical Context
Economists and policymakers use Burundi's GNI to assess the country's economic progress and compare its standard of living to other nations.
Key Facts
- Burundi's GNI per capita was $280 in 2021.
- GNI growth in Burundi has averaged 1.7% annually over the past decade.
- Agriculture accounts for over 30% of Burundi's GNI.
FAQs
Q: What does this economic trend measure?
A: The Gross National Income (GNI) for Burundi measures the total value of goods and services produced by Burundian residents and businesses, including income earned from foreign sources.
Q: Why is this trend relevant for users or analysts?
A: Burundi's GNI is a key indicator of the country's overall economic performance and living standards, providing important context for analysts and policymakers evaluating Burundi's economic development.
Q: How is this data collected or calculated?
A: The World Bank collects and calculates Burundi's GNI data using national accounts information.
Q: How is this trend used in economic policy?
A: Economists and policymakers use Burundi's GNI to assess the country's economic progress and compare its standard of living to other nations, informing policy decisions.
Q: Are there update delays or limitations?
A: There may be delays of several months in the availability of the most recent GNI data for Burundi due to the time required for national accounts data collection and reporting.
Related Trends
Geographical Outreach: Key Indicators ATMs Per 1000 Km2 for Burundi
BDIFCAKNUM
Credit to Government and State-Owned Enterprises to GDP for Burundi
DDEI08BIA156NWDB
Real Non-Oil GDP for Burundi
BDINGDPXORPCPPPT
Use of Financial Services: Key Indicators, Loan Accounts with Credit Unions and Financial Cooperatives Per 1,000 Adults for Burundi
BDIFCNODUANUM
Gross Domestic Product Per Capita for Burundi
PCAGDPBIA646NWDB
Use of Financial Services: Key Indicators, Outstanding Deposits of Households with Commercial Banks for Burundi
BDIFCLODCHGGDPPT
Citation
U.S. Federal Reserve, Gross National Income for Burundi (MKTGNIBIA646NWDB), retrieved from FRED.