Gross National Income for Romania
MKTGNIROA646NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
372,615,856,297.84
Year-over-Year Change
110.06%
Date Range
1/1/1989 - 1/1/2024
Summary
Gross National Income (GNI) measures the total income earned by a country's residents and businesses, providing a comprehensive snapshot of a nation's economic performance.
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 residents and businesses, regardless of their location. It is a key metric used by economists and policymakers to assess a country's economic development and living standards.
Methodology
GNI data is calculated by the World Bank using national accounts and survey information.
Historical Context
GNI is an important indicator for evaluating economic policies and informing international development strategies.
Key Facts
- Romania's GNI per capita was $13,850 in 2021.
- GNI growth in Romania averaged 4.4% annually from 2010 to 2021.
- GNI is a broader measure of economic activity than Gross Domestic Product (GDP).
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, providing a comprehensive assessment of a nation's economic performance.
Q: Why is this trend relevant for users or analysts?
A: GNI is a key metric used by economists and policymakers to evaluate a country's economic development, living standards, and the effectiveness of economic policies.
Q: How is this data collected or calculated?
A: The World Bank calculates GNI data using national accounts and survey information.
Q: How is this trend used in economic policy?
A: GNI is an important indicator for informing international development strategies and assessing the overall economic performance of a country.
Q: Are there update delays or limitations?
A: GNI data is typically published with a lag, and may be subject to revisions as more complete information becomes available.
Related Trends
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Geographical Outreach: Number of Branches in 3 Largest Cities, Excluding Headquarters, for Credit Unions and Financial Cooperatives for Romania
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Harmonized Index of Consumer Prices: Repair of Furniture, Furnishings and Floor Coverings for Romania
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Geographical Outreach: Key Indicators, Credit Union and Financial Cooperative Branches Per 1000 Km2 for Romania
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Value of Exports to Romania from District of Columbia
DCROUA052SCEN
Value of Exports to Romania from West Virginia
WVROUA052SCEN
Citation
U.S. Federal Reserve, Gross National Income for Romania (MKTGNIROA646NWDB), retrieved from FRED.