Gross National Income for Estonia
MKTGNIEEA646NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
41,834,654,294.57
Year-over-Year Change
87.74%
Date Range
1/1/1993 - 1/1/2024
Summary
Gross National Income (GNI) measures the total domestic and foreign income earned by a country's residents and businesses. It is a key metric for analyzing Estonia's economic performance and growth.
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 Estonia's economy, including income earned from foreign investments. It is used by economists and policymakers to gauge national prosperity and living standards.
Methodology
GNI data for Estonia is collected and calculated by the World Bank using a standardized international methodology.
Historical Context
GNI is an important indicator for monitoring Estonia's economic policies and competitiveness within global markets.
Key Facts
- Estonia's GNI per capita was $24,250 in 2021.
- GNI accounts for over 90% of Estonia's Gross Domestic Product (GDP).
- GNI growth helps drive improvements in Estonia's standard of living.
FAQs
Q: What does this economic trend measure?
A: Gross National Income (GNI) measures the total income earned by Estonia's residents and businesses, including income from foreign investments.
Q: Why is this trend relevant for users or analysts?
A: GNI is a key indicator of Estonia's economic performance and living standards, providing insights for policymakers, investors, and the public.
Q: How is this data collected or calculated?
A: The World Bank collects and calculates Estonia's GNI data using standardized international methodology.
Q: How is this trend used in economic policy?
A: GNI is used by economists and policymakers to monitor Estonia's economic policies, competitiveness, and progress towards improving national prosperity.
Q: Are there update delays or limitations?
A: GNI data for Estonia may have a 1-2 year reporting lag, and can be subject to periodic revisions by the data source.
Related Trends
Harmonized Index of Consumer Prices: Household Appliances for Estonia
CP0530EEM086NEST
Real Changes in Inventories for Estonia
NINVRSAXDCESQ
Producer Prices Index: Economic Activities: Mining and Quarrying Activities: Total for Estonia
PIEAMI01EEM661N
Number of Listed Companies for Estonia
DDOM01EEA644NWDB
Outstanding International Private Debt Securities to GDP for Estonia
DDDM05EEA156NWDB
Infra-Annual Labor Statistics: Employment Female: From 15 to 74 Years for Estonia
LFEM74FEEEA647N
Citation
U.S. Federal Reserve, Gross National Income for Estonia (MKTGNIEEA646NWDB), retrieved from FRED.