Gross National Income for Panama
MKTGNIPAA646NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
81,857,899,200.00
Year-over-Year Change
110.66%
Date Range
1/1/1960 - 1/1/2024
Summary
Gross National Income (GNI) for Panama measures the total domestic and foreign income earned by a country's residents. As a key economic indicator, GNI is used to assess a country's economic performance and living standards.
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 in Panama plus any product taxes (less subsidies) not included in the valuation of output, plus net receipts of primary income from abroad. GNI is an important metric for evaluating a country's economic health and development.
Methodology
The World Bank collects and calculates GNI data based on national accounts information provided by Panama's statistical agencies.
Historical Context
Economists and policymakers use Panama's GNI data to inform decisions related to economic policy, trade, foreign investment, and development programs.
Key Facts
- Panama's GNI per capita was $15,850 in 2021.
- GNI accounts for both domestic and foreign income sources.
- GNI is a broader measure than GDP, which only includes domestic production.
FAQs
Q: What does this economic trend measure?
A: Gross National Income (GNI) for Panama measures the total income earned by the country's residents, including both domestic and foreign sources.
Q: Why is this trend relevant for users or analysts?
A: GNI is a key indicator of a country's economic performance and living standards, making it relevant for economists, policymakers, and others analyzing Panama's economic development.
Q: How is this data collected or calculated?
A: The World Bank collects and calculates Panama's GNI data based on national accounts information provided by the country's statistical agencies.
Q: How is this trend used in economic policy?
A: Economists and policymakers use Panama's GNI data to inform decisions related to economic policy, trade, foreign investment, and development programs.
Q: Are there update delays or limitations?
A: There may be some delays in the availability of the most recent GNI data for Panama, as it is dependent on the reporting timelines of the country's statistical agencies.
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Citation
U.S. Federal Reserve, Gross National Income for Panama (MKTGNIPAA646NWDB), retrieved from FRED.