Gross National Income for Islamic Republic of Iran
MKTGNIIRA646NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
436,292,217,030.91
Year-over-Year Change
-32.69%
Date Range
1/1/1960 - 1/1/2024
Summary
Gross National Income (GNI) for the Islamic Republic of Iran measures the total domestic and foreign output claimed by residents of a country. It is a key indicator of a country's 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 from abroad. It provides a comprehensive measure of a country's economic activity and development.
Methodology
GNI data for Iran is collected and calculated by the World Bank based on national accounts information.
Historical Context
GNI is widely used by economists, policymakers, and international organizations to assess Iran's economic conditions and make informed decisions.
Key Facts
- Iran's GNI was $610.78 billion in 2021.
- GNI per capita in Iran was $7,260 in 2021.
- Iran's GNI has grown by 42% over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Gross National Income (GNI) for the Islamic Republic of Iran measures the total domestic and foreign output claimed by Iranian residents.
Q: Why is this trend relevant for users or analysts?
A: GNI is a comprehensive indicator of Iran's overall economic performance and living standards, making it highly relevant for economists, policymakers, and anyone analyzing the Iranian economy.
Q: How is this data collected or calculated?
A: The World Bank collects and calculates Iran's GNI data based on the country's national accounts information.
Q: How is this trend used in economic policy?
A: GNI is widely used by institutions and analysts to assess Iran's economic conditions, make informed policy decisions, and evaluate the country's progress and development.
Q: Are there update delays or limitations?
A: There may be some delays in the availability of the most recent GNI data for Iran, as it relies on the timely reporting of national accounts information.
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Citation
U.S. Federal Reserve, Gross National Income for Islamic Republic of Iran (MKTGNIIRA646NWDB), retrieved from FRED.