Gross National Income for Papua New Guinea
MKTGNIPGA646NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
30,688,820,937.20
Year-over-Year Change
51.94%
Date Range
1/1/1960 - 1/1/2024
Summary
Gross National Income (GNI) for Papua New Guinea measures the total income earned by the country's residents and businesses, both within and outside its borders. It is a key indicator of a nation'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 is an important macroeconomic metric that captures the full economic output of a country, including income from foreign investments and overseas workers. It provides a more comprehensive view of a nation's economic health compared to Gross Domestic Product (GDP).
Methodology
GNI data for Papua New Guinea is collected and calculated by the World Bank based on national accounts and survey information.
Historical Context
GNI is widely used by policymakers, economists, and international organizations to assess a country's development and living standards relative to its population.
Key Facts
- Papua New Guinea's GNI per capita was $2,670 in 2020.
- GNI growth in Papua New Guinea averaged 2.9% annually from 2010-2020.
- GNI is a more comprehensive measure of economic output than GDP.
FAQs
Q: What does this economic trend measure?
A: Gross National Income (GNI) for Papua New Guinea measures the total income earned by the country's residents and businesses, both within and outside its borders.
Q: Why is this trend relevant for users or analysts?
A: GNI is an important macroeconomic indicator that provides a more comprehensive view of a nation's economic health and living standards compared to GDP.
Q: How is this data collected or calculated?
A: GNI data for Papua New Guinea is collected and calculated by the World Bank based on 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 assess a country's development and living standards relative to its population.
Q: Are there update delays or limitations?
A: GNI data for Papua New Guinea may have update delays and limitations due to the challenges of data collection in developing economies.
Related Trends
Stock Market Capitalization to GDP for Papua New Guinea
DDDM01PGA156NWDB
Value of Exports to Papua New Guinea from Connecticut
CTPNGA052SCEN
Bank Z-Score for Papua New Guinea
DDSI01PGA645NWDB
Value of Exports to Papua New Guinea from Virginia
VAPNGA052SCEN
Central Bank Assets to GDP for Papua New Guinea
DDDI06PGA156NWDB
Number of Identified Exporters to Papua New Guinea from Utah
UTPNGA475SCEN
Citation
U.S. Federal Reserve, Gross National Income for Papua New Guinea (MKTGNIPGA646NWDB), retrieved from FRED.