Gross National Income for Sri Lanka
MKTGNILKA646NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
96,498,244,044.02
Year-over-Year Change
39.38%
Date Range
1/1/1960 - 1/1/2024
Summary
The Gross National Income (GNI) for Sri Lanka measures the total value of goods and services produced by the country's economy. It is a key metric for assessing economic growth and development.
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 output, plus net receipts of primary income from abroad. It provides a comprehensive view of a country's economic activity and income.
Methodology
The data is collected and calculated by the World Bank using national accounts and balance of payments information.
Historical Context
GNI is widely used by policymakers, analysts, and international organizations to evaluate a country's economic performance and living standards.
Key Facts
- Sri Lanka's GNI was $94.32 billion in 2021.
- GNI per capita in Sri Lanka was $4,250 in 2021.
- Sri Lanka's GNI grew by 3.3% in 2021 after declining in 2020.
FAQs
Q: What does this economic trend measure?
A: The Gross National Income (GNI) for Sri Lanka measures the total value of goods and services produced by the country's economy, including income received from abroad.
Q: Why is this trend relevant for users or analysts?
A: GNI is a comprehensive measure of a country's economic activity and living standards, making it highly relevant for policymakers, economists, and international organizations analyzing Sri Lanka's economic performance and development.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using national accounts and balance of payments information.
Q: How is this trend used in economic policy?
A: GNI is widely used by policymakers, analysts, and international organizations to evaluate a country's economic performance, living standards, and progress towards development goals.
Q: Are there update delays or limitations?
A: The GNI data for Sri Lanka is published annually by the World Bank, with some potential delays in availability depending on the reporting timeline.
Related Trends
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LKAFCIODCNUM
Non-Life Insurance Premium Volume to GDP for Sri Lanka
DDDI10LKA156NWDB
Geographical Outreach: Key Indicators ATMs Per 1000 Km2 for Sri Lanka
LKAFCAKNUM
Number of Identified Exporters to Sri Lanka from Alabama
ALLKAA475SCEN
Internet users for Sri Lanka
ITNETUSERP2LKA
Geographical Outreach: Number of Institutions, Other Depository Corporations, Other Deposit Takers for Sri Lanka
LKAFCIODDNUM
Citation
U.S. Federal Reserve, Gross National Income for Sri Lanka (MKTGNILKA646NWDB), retrieved from FRED.