Gross National Income for the Plurinational State of Bolivia
MKTGNIBOA646NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
48,305,776,845.15
Year-over-Year Change
89.77%
Date Range
1/1/1976 - 1/1/2024
Summary
Gross National Income (GNI) for Bolivia measures the total income earned by Bolivian residents and businesses, both within Bolivia and abroad. It serves as 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 encompasses all income earned by Bolivian nationals, including wages, profits, and investment returns. It is a broader measure than Gross Domestic Product (GDP), as it includes income from overseas investments and remittances. GNI is a widely used metric for comparing economic progress and development across countries.
Methodology
GNI data for Bolivia is collected and calculated by the World Bank using nationally reported economic statistics.
Historical Context
Policymakers and analysts use Bolivia's GNI to assess the overall health of the Bolivian economy and living standards of its citizens.
Key Facts
- Bolivia's GNI per capita was $3,250 in 2021.
- GNI growth in Bolivia averaged 3.7% annually from 2010-2020.
- Agriculture and mining are major contributors to Bolivia's GNI.
FAQs
Q: What does this economic trend measure?
A: The Gross National Income (GNI) for Bolivia measures the total income earned by Bolivian residents and businesses, both within Bolivia and abroad.
Q: Why is this trend relevant for users or analysts?
A: GNI is a key indicator of a country's economic performance and living standards, providing a broader perspective than just Gross Domestic Product (GDP).
Q: How is this data collected or calculated?
A: The World Bank collects and calculates Bolivia's GNI data using nationally reported economic statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use Bolivia's GNI to assess the overall health of the Bolivian economy and living standards of its citizens.
Q: Are there update delays or limitations?
A: The World Bank publishes Bolivia's GNI data with a lag, and the metric may not capture all informal economic activity.
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Citation
U.S. Federal Reserve, Gross National Income for the Plurinational State of Bolivia (MKTGNIBOA646NWDB), retrieved from FRED.