Gross National Income for United States
MKTGNIUSA646NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
29,243,108,000,000.00
Year-over-Year Change
77.37%
Date Range
1/1/1960 - 1/1/2024
Summary
Gross National Income (GNI) measures the total income earned by a country's citizens and businesses, both domestically and abroad. It is a key indicator of a nation's economic well-being and productivity.
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 picture of a country's economic activity and income generation.
Methodology
GNI data is compiled by the World Bank using national accounts information submitted by member countries.
Historical Context
GNI is widely used by policymakers, economists, and international organizations to assess economic performance and development levels across countries.
Key Facts
- GNI per capita in the U.S. was $63,870 in 2021.
- GNI accounts for over 90% of a country's Gross Domestic Product (GDP).
- The U.S. has the world's largest GNI, totaling over $21 trillion in 2021.
FAQs
Q: What does this economic trend measure?
A: Gross National Income (GNI) measures the total income earned by a country's citizens and businesses, both domestically and abroad.
Q: Why is this trend relevant for users or analysts?
A: GNI is a key indicator of a nation's economic well-being, productivity, and development level, making it highly relevant for policymakers, economists, and international organizations.
Q: How is this data collected or calculated?
A: GNI data is compiled by the World Bank using national accounts information submitted by member countries.
Q: How is this trend used in economic policy?
A: GNI is widely used by policymakers, economists, and international organizations to assess economic performance and development levels across countries.
Q: Are there update delays or limitations?
A: GNI data is typically published with a delay of 1-2 years, and may be subject to revisions as countries update their national accounts information.
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Citation
U.S. Federal Reserve, Gross National Income for United States (MKTGNIUSA646NWDB), retrieved from FRED.