Gross National Income for Saint Kitts and Nevis
MKTGNIKNA646NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,054,281,481.48
Year-over-Year Change
31.65%
Date Range
1/1/1977 - 1/1/2024
Summary
Gross National Income (GNI) for Saint Kitts and Nevis measures the total economic output of the country, including income earned by its citizens abroad. It is a key indicator of a nation's economic health and development.
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 resident producers plus any product taxes (less subsidies) not included in the valuation of output, plus net receipts of primary income (compensation of employees and property income) from abroad. It provides a comprehensive view of a country's economic performance.
Methodology
GNI data for Saint Kitts and Nevis is collected and calculated annually by the World Bank using nationally reported information.
Historical Context
GNI is widely used by policymakers, economists, and international organizations to assess economic progress and make data-driven decisions.
Key Facts
- Saint Kitts and Nevis is a small island country in the West Indies.
- GNI per capita in Saint Kitts and Nevis was $18,790 in 2020.
- Tourism is a major driver of the Saint Kitts and Nevis economy.
FAQs
Q: What does this economic trend measure?
A: Gross National Income (GNI) for Saint Kitts and Nevis measures the total economic output of the country, including income earned by its citizens abroad.
Q: Why is this trend relevant for users or analysts?
A: GNI is a key indicator of a nation's economic health and development, providing a comprehensive view of a country's economic performance.
Q: How is this data collected or calculated?
A: GNI data for Saint Kitts and Nevis is collected and calculated annually by the World Bank using nationally reported information.
Q: How is this trend used in economic policy?
A: GNI is widely used by policymakers, economists, and international organizations to assess economic progress and make data-driven decisions.
Q: Are there update delays or limitations?
A: GNI data for Saint Kitts and Nevis is published annually, with some potential delays in reporting.
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Ease of doing business index for St. Kitts and Nevis
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Citation
U.S. Federal Reserve, Gross National Income for Saint Kitts and Nevis (MKTGNIKNA646NWDB), retrieved from FRED.