Gross National Income for the Democratic Republic of the Congo
MKTGNICDA646NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
68,395,859,279.56
Year-over-Year Change
146.83%
Date Range
1/1/1960 - 1/1/2024
Summary
Gross National Income (GNI) for the Democratic Republic of the Congo measures the total income earned by a country's residents and businesses, both domestically and abroad. It is a key indicator of a nation's economic health 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 value of all goods and services produced by a country's economy, including income earned from international sources. It is a broader measure than Gross Domestic Product (GDP), as it captures income flows beyond national borders.
Methodology
GNI data for the Democratic Republic of the Congo is collected and calculated by the World Bank using national accounts information.
Historical Context
GNI is widely used by policymakers, analysts, and international organizations to assess a country's economic development and living conditions.
Key Facts
- GNI per capita in the Democratic Republic of the Congo was $540 in 2021.
- GNI growth in the DRC was 0.4% in 2021 after contracting 1.7% in 2020.
- The DRC's GNI accounts for a small fraction of the overall African continent's economic output.
FAQs
Q: What does this economic trend measure?
A: Gross National Income (GNI) for the Democratic Republic of the Congo measures the total income earned by the country's residents and businesses, both domestically and from international sources.
Q: Why is this trend relevant for users or analysts?
A: GNI is a key indicator of a nation's economic health, living standards, and development progress. It provides a broader picture of a country's economic activity compared to just Gross Domestic Product (GDP).
Q: How is this data collected or calculated?
A: The World Bank collects and calculates GNI data for the Democratic Republic of the Congo using national accounts information.
Q: How is this trend used in economic policy?
A: GNI is widely used by policymakers, analysts, and international organizations to assess a country's economic development and living conditions, informing policy decisions and investment strategies.
Q: Are there update delays or limitations?
A: GNI data for the Democratic Republic of the Congo may have update delays due to the country's economic and political challenges, and may not fully capture informal economic activity.
Related Trends
Internet users for the Democratic Republic of the Congo
ITNETUSERP2COD
Number of Identified Exporters to the Democratic Republic of the Congo from Texas
TXCODA475SCEN
Number of Identified Exporters to the Democratic Republic of the Congo from Missouri
MOCODA475SCEN
Value of Exports to the Democratic Republic of the Congo from Wisconsin
WICODA052SCEN
Value of Exports to the Democratic Republic of the Congo from North Carolina
NCCODA052SCEN
Literacy Rate, Adult Total for the Democratic Republic of the Congo
SEADTLITRZSCOD
Citation
U.S. Federal Reserve, Gross National Income for the Democratic Republic of the Congo (MKTGNICDA646NWDB), retrieved from FRED.