Gross National Income for Guinea-Bissau
MKTGNIGWA646NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,135,549,657.11
Year-over-Year Change
110.11%
Date Range
1/1/1970 - 1/1/2024
Summary
The Gross National Income (GNI) for Guinea-Bissau is a key measure of the overall economic output and income generation of the country.
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 total domestic and foreign income earned by a country's residents and businesses. It is a comprehensive indicator used to assess a nation's economic development and standard of living.
Methodology
The data is collected and calculated by the World Bank using national accounts and survey information.
Historical Context
GNI is widely used by policymakers, economists, and international organizations to evaluate economic performance and make informed decisions.
Key Facts
- Guinea-Bissau's GNI per capita was $790 in 2021.
- GNI growth in Guinea-Bissau has been volatile, ranging from -3.5% to 5.5% over the past decade.
- Reliable GNI data for Guinea-Bissau is limited due to the country's economic and political instability.
FAQs
Q: What does this economic trend measure?
A: The Gross National Income (GNI) for Guinea-Bissau measures the total domestic and foreign income earned by the country's residents and businesses.
Q: Why is this trend relevant for users or analysts?
A: GNI is a comprehensive indicator used to assess a nation's economic development and standard of living, making it crucial for policymakers, economists, and international organizations.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using national accounts and survey information.
Q: How is this trend used in economic policy?
A: GNI is widely used by policymakers, economists, and international organizations to evaluate economic performance and make informed decisions.
Q: Are there update delays or limitations?
A: Reliable GNI data for Guinea-Bissau is limited due to the country's economic and political instability, which may result in delays or gaps in the available information.
Related Trends
Value of Exports to Guinea-Bissau from Illinois
ILGNBA052SCEN
Firms with a Bank Loan or Line of Credit to Total Firms for Guinea-Bissau
DDAI03GWA156NWDB
Use of Financial Services: Number of Depositors which are Households at Commercial Banks for Guinea-Bissau
GNBFCDODCHPENUM
Number of Identified Exporters to Guinea-Bissau from Wisconsin
WIGNBA475SCEN
Real GDP Per Capita for Guinea-Bissau
GNBNGDPRPCPCPPPT
Liquid Liabilities to GDP for Guinea-Bissau
DDDI05GWA156NWDB
Citation
U.S. Federal Reserve, Gross National Income for Guinea-Bissau (MKTGNIGWA646NWDB), retrieved from FRED.