Gross National Income for United Arab Emirates
MKTGNIAEA646NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
538,118,110,244.82
Year-over-Year Change
39.80%
Date Range
1/1/1970 - 1/1/2024
Summary
Gross National Income (GNI) for the United Arab Emirates measures the total domestic and foreign income earned by the country's residents and businesses. It is a key indicator of the UAE's overall economic performance 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 value of all goods and services produced within a country (its Gross Domestic Product or GDP), plus income earned by its citizens and businesses from overseas sources, minus income earned within the country by foreigners. It provides a comprehensive view of a nation's economic activity and wealth.
Methodology
GNI data for the UAE is collected and calculated by the World Bank using national accounts information.
Historical Context
GNI is widely used by policymakers, economists, and international organizations to assess the UAE's economic development and compare its standard of living to other countries.
Key Facts
- GNI per capita in the UAE was $43,470 in 2021.
- The UAE has one of the highest GNI per capita levels in the world.
- GNI growth in the UAE has averaged 3.7% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: Gross National Income (GNI) for the United Arab Emirates measures the total value of goods, services, and income earned by the country's residents and businesses, both domestically and from overseas sources.
Q: Why is this trend relevant for users or analysts?
A: GNI is a comprehensive indicator of a country's overall economic performance and living standards, making it highly relevant for policymakers, economists, and international organizations analyzing the UAE's economic development.
Q: How is this data collected or calculated?
A: The World Bank collects and calculates GNI data for the UAE using national accounts information.
Q: How is this trend used in economic policy?
A: GNI is widely used by policymakers, economists, and international institutions to assess the UAE's economic development, compare its standard of living to other countries, and inform economic policy decisions.
Q: Are there update delays or limitations?
A: GNI data for the UAE is typically published by the World Bank with a lag of 1-2 years, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Gross National Income for United Arab Emirates (MKTGNIAEA646NWDB), retrieved from FRED.