Gross National Income for Saudi Arabia
MKTGNISAA646NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,243,696,766,666.67
Year-over-Year Change
61.14%
Date Range
1/1/1960 - 1/1/2024
Summary
Gross National Income (GNI) for Saudi Arabia measures the total value of goods and services produced by the country's residents and businesses, including income from foreign sources. 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 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 and productive capacity.
Methodology
GNI data for Saudi Arabia is collected and calculated by the World Bank using national accounts information and international economic statistics.
Historical Context
Policymakers and economists closely monitor Saudi Arabia's GNI to assess the country's economic growth, standard of living, and global competitiveness.
Key Facts
- Saudi Arabia's GNI was $782 billion in 2021.
- GNI per capita in Saudi Arabia was $22,540 in 2021.
- Saudi Arabia's GNI has grown by over 50% in the past decade.
FAQs
Q: What does this economic trend measure?
A: Gross National Income (GNI) for Saudi Arabia measures the total economic output generated by the country's residents and businesses, including income from foreign sources.
Q: Why is this trend relevant for users or analysts?
A: GNI is a comprehensive indicator of a country's economic health, productivity, and living standards, making it highly relevant for policymakers, investors, and economists analyzing Saudi Arabia's economic performance.
Q: How is this data collected or calculated?
A: The World Bank collects and calculates Saudi Arabia's GNI data using national accounts information and international economic statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor Saudi Arabia's GNI to assess the country's economic growth, standard of living, and global competitiveness, informing policy decisions and market analyses.
Q: Are there update delays or limitations?
A: The GNI data for Saudi Arabia is published annually by the World Bank, with a typical update delay of 6-12 months.
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Citation
U.S. Federal Reserve, Gross National Income for Saudi Arabia (MKTGNISAA646NWDB), retrieved from FRED.