Gross National Income for Belarus
MKTGNIBYA646NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
74,150,765,471.91
Year-over-Year Change
15.47%
Date Range
1/1/1990 - 1/1/2024
Summary
Gross National Income (GNI) for Belarus is a key economic indicator that measures the total income earned by a country's residents and businesses. It is an important metric for understanding Belarus' 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 by Belarus' economy, including income earned from other countries. It is a broader measure than Gross Domestic Product (GDP) as it includes net income from abroad. GNI data is used by economists and policymakers to evaluate Belarus' economic growth and development.
Methodology
GNI for Belarus is calculated annually by the World Bank using national accounts data.
Historical Context
GNI trends are closely monitored by international organizations, investors, and analysts to assess Belarus' economic conditions and outlook.
Key Facts
- Belarus' GNI per capita was $6,250 in 2021.
- GNI grew by 3.3% in Belarus in 2021 after declining in 2020.
- Services account for over 50% of Belarus' GNI.
FAQs
Q: What does this economic trend measure?
A: Gross National Income (GNI) for Belarus measures the total income earned by the country's residents and businesses, including income from abroad.
Q: Why is this trend relevant for users or analysts?
A: GNI is an important indicator of Belarus' overall economic performance and living standards, used by economists, policymakers, and investors to evaluate the country's growth and development.
Q: How is this data collected or calculated?
A: GNI for Belarus is calculated annually by the World Bank using national accounts data.
Q: How is this trend used in economic policy?
A: GNI trends are closely monitored by international organizations, investors, and analysts to assess Belarus' economic conditions and outlook, informing policy decisions.
Q: Are there update delays or limitations?
A: GNI data for Belarus is published annually with a lag, so there may be delays in accessing the most recent information.
Related Trends
Number of Bank Branches for Belarus
DDAI02BYA643NWDB
Percentage of Foreign Banks Among Total Banks for Belarus
DDOI13BYA156NWDB
External Loans and Deposits of Reporting Banks in Relation to the Banking Sector for Belarus
DDOI10BYA156NWDB
Value of Exports to Belarus from Rhode Island
RIBLRA052SCEN
Value of Exports to Belarus from Colorado
COBLRA052SCEN
Value of Exports to Belarus from Michigan
MIBLRA052SCEN
Citation
U.S. Federal Reserve, Gross National Income for Belarus (MKTGNIBYA646NWDB), retrieved from FRED.