Gross National Income for Benin
MKTGNIBJA646NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21,280,255,370.62
Year-over-Year Change
92.15%
Date Range
1/1/1960 - 1/1/2024
Summary
Gross National Income (GNI) for Benin measures the total domestic and foreign economic output attributable to Benin's residents. It is a key metric for assessing Benin's overall economic performance and national wealth.
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 Benin residents plus any product taxes (minus subsidies) not included in the valuation of output, plus net receipts of primary income from abroad. It provides a comprehensive picture of a country's economic activity and is widely used by economists and policymakers.
Methodology
GNI data for Benin is collected and calculated by the World Bank using national accounts information.
Historical Context
Benin's GNI trend is monitored by the government, international organizations, and investors to gauge the nation's economic health and development progress.
Key Facts
- Benin's GNI per capita was $1,280 in 2021.
- GNI growth in Benin averaged 1.3% per year from 2010-2020.
- Benin's GNI accounts for about 99% of its Gross Domestic Product (GDP).
FAQs
Q: What does this economic trend measure?
A: The Gross National Income (GNI) for Benin measures the total domestic and foreign economic output that is attributable to Benin's residents.
Q: Why is this trend relevant for users or analysts?
A: GNI is a comprehensive metric of a country's economic activity and national wealth, making it important for economists, policymakers, and investors assessing Benin's overall economic performance and development.
Q: How is this data collected or calculated?
A: The World Bank collects and calculates Benin's GNI data using national accounts information.
Q: How is this trend used in economic policy?
A: Benin's GNI trend is closely monitored by the government, international organizations, and investors to gauge the country's economic health and guide economic and development policies.
Q: Are there update delays or limitations?
A: GNI data for Benin may have update lags of 1-2 years, and can be subject to revisions as more complete information becomes available.
Related Trends
Insurance Company Assets to GDP for Benin
DDDI11BJA156NWDB
Firms with a Bank Loan or Line of Credit to Total Firms for Benin
DDAI03BJA156NWDB
Gross Domestic Product for Benin
MKTGDPBJA646NWDB
Life Insurance Premium Volume to GDP for Benin
DDDI09BJA156NWDB
Value of Exports to Benin from North Carolina
NCBENA052SCEN
Geographical Outreach: Key Indicators ATMs Per 1000 Km2 for Benin
BENFCAKNUM
Citation
U.S. Federal Reserve, Gross National Income for Benin (MKTGNIBJA646NWDB), retrieved from FRED.