Gross National Income for Luxembourg
MKTGNILUA646NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
66,130,199,499.22
Year-over-Year Change
44.03%
Date Range
1/1/1960 - 1/1/2024
Summary
Gross National Income (GNI) measures the total domestic and foreign income earned by a country's residents and businesses. It is a key indicator of economic performance and living standards in Luxembourg.
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
Gross National Income represents the total value of goods and services produced by a country's citizens, both domestically and abroad. It is a broader measure of economic activity than Gross Domestic Product (GDP), providing a more comprehensive view of a country's economic resources and income.
Methodology
GNI data for Luxembourg is collected and calculated by the World Bank using a standardized international methodology.
Historical Context
GNI is widely used by policymakers, analysts, and international organizations to assess a country's economic development and compare living standards across nations.
Key Facts
- Luxembourg has the second-highest GNI per capita in the world.
- GNI accounts for over 250% of Luxembourg's GDP, reflecting its status as a major financial center.
- Luxembourg's GNI has grown by over 50% in the past two decades.
FAQs
Q: What does this economic trend measure?
A: Gross National Income (GNI) measures the total income earned by a country's residents and businesses, both domestically and abroad.
Q: Why is this trend relevant for users or analysts?
A: GNI is a comprehensive measure of a country's economic resources and living standards, providing valuable insights for policymakers, economists, and international comparisons.
Q: How is this data collected or calculated?
A: The World Bank collects and calculates GNI data for Luxembourg using standardized international methodology.
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 compare living standards across nations.
Q: Are there update delays or limitations?
A: GNI data for Luxembourg is typically updated annually by the World Bank with minimal delays.
Related Trends
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Balance of Payments: Goods: Expenditure for Luxembourg
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Infra-Annual Labor Statistics: Employment Female: From 15 to 24 Years for Luxembourg
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Infra-Annual Labor Statistics: Working-Age Population Total: From 15 to 64 Years for Luxembourg
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Citation
U.S. Federal Reserve, Gross National Income for Luxembourg (MKTGNILUA646NWDB), retrieved from FRED.