Gross National Income for Switzerland
MKTGNICHA646NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
906,663,857,436.41
Year-over-Year Change
29.90%
Date Range
1/1/1960 - 1/1/2024
Summary
Gross National Income (GNI) for Switzerland measures the total income earned by Swiss residents and businesses, both domestically and abroad. It is a key indicator of Switzerland's overall economic performance and standard of living.
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 metric of the Swiss economy's productive capacity and income generation.
Methodology
GNI data is calculated by the World Bank based on national accounts data from the Swiss Federal Statistical Office.
Historical Context
GNI is used by policymakers, analysts, and international organizations to evaluate Switzerland's economic development, living standards, and competitiveness relative to other countries.
Key Facts
- Switzerland's GNI per capita was $68,060 in 2021.
- GNI accounts for over 60% of Switzerland's Gross Domestic Product.
- Switzerland has one of the highest GNI per capita levels in the world.
FAQs
Q: What does this economic trend measure?
A: Gross National Income (GNI) for Switzerland measures the total income earned by Swiss residents and businesses, both domestically and abroad.
Q: Why is this trend relevant for users or analysts?
A: GNI is a key indicator of Switzerland's overall economic performance and living standards, providing a comprehensive metric of the country's productive capacity and income generation.
Q: How is this data collected or calculated?
A: GNI data is calculated by the World Bank based on national accounts data from the Swiss Federal Statistical Office.
Q: How is this trend used in economic policy?
A: GNI is used by policymakers, analysts, and international organizations to evaluate Switzerland's economic development, living standards, and competitiveness relative to other countries.
Q: Are there update delays or limitations?
A: The GNI data is updated annually with a slight delay, typically within a year of the reference period.
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Citation
U.S. Federal Reserve, Gross National Income for Switzerland (MKTGNICHA646NWDB), retrieved from FRED.