Gross National Income for Iraq
MKTGNIIQA646NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
281,334,457,615.39
Year-over-Year Change
28.43%
Date Range
1/1/1960 - 1/1/2024
Summary
Gross National Income (GNI) for Iraq measures the total domestic and foreign income earned by the Iraqi economy. It is a key indicator of economic activity 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 Iraqi residents and businesses, including income earned from foreign sources. It is an important macroeconomic metric used by economists and policymakers to assess Iraq's economic performance and development.
Methodology
GNI data for Iraq is collected and calculated by the World Bank using nationally reported income and production statistics.
Historical Context
GNI trends are monitored by international institutions, governments, and investors to gauge Iraq's economic growth and living conditions.
Key Facts
- Iraq's GNI per capita was $4,530 in 2021.
- GNI accounts for over 90% of Iraq's Gross Domestic Product.
- Iraq's GNI has grown by an average of 3.2% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: Gross National Income (GNI) for Iraq measures the total domestic and foreign income earned by Iraqi residents and businesses.
Q: Why is this trend relevant for users or analysts?
A: GNI is a key indicator of Iraq's economic activity, growth, and living standards, making it important for policymakers, investors, and economists.
Q: How is this data collected or calculated?
A: The World Bank collects and calculates Iraq's GNI data using nationally reported income and production statistics.
Q: How is this trend used in economic policy?
A: GNI trends are monitored by international institutions, governments, and investors to assess Iraq's economic performance and development.
Q: Are there update delays or limitations?
A: GNI data for Iraq may have update delays of 1-2 years due to the time required for national statistical reporting.
Related Trends
External Loans and Deposits of Reporting Banks in Relation to the Banking Sector for Iraq
DDOI10IQA156NWDB
Bank's Net Interest Margin for Iraq
DDEI01IQA156NWDB
Use of Financial Services, Assets: Outstanding Loans to Households at Commercial Banks for Iraq
IRQFCSODCHXDC
Number of Identified Exporters to Iraq from California
CAIRQA475SCEN
Net migration for Iraq
SMPOPNETMIRQ
Use of Financial Services: Key Indicators, Outstanding Deposits with Commercial Banks for Iraq
IRQFCLODCGGDPPT
Citation
U.S. Federal Reserve, Gross National Income for Iraq (MKTGNIIQA646NWDB), retrieved from FRED.