Gross National Income for Philippines
MKTGNIPHA646NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
521,766,436,503.48
Year-over-Year Change
79.41%
Date Range
1/1/1960 - 1/1/2024
Summary
Gross National Income (GNI) for the Philippines measures the total value of goods and services produced by a country's citizens, both domestically and abroad. It is a key economic indicator used to assess a country's overall 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 plus any product taxes (less subsidies) not included in the valuation of output, plus net receipts of primary income (compensation of employees and property income) from abroad. It provides a comprehensive picture of a country's economic activities and is widely used by economists and policymakers.
Methodology
The data is collected and calculated by the World Bank based on national accounts information provided by the Philippine government.
Historical Context
GNI is an important metric for evaluating a country's economic growth, development, and standard of living, and is used by institutions like the World Bank to inform policy decisions.
Key Facts
- GNI per capita in the Philippines was $3,430 in 2021.
- The Philippines has seen steady growth in GNI over the past decade.
- GNI is a broader measure of economic activity than GDP, including income earned abroad.
FAQs
Q: What does this economic trend measure?
A: Gross National Income (GNI) for the Philippines measures the total value of goods and services produced by Philippine citizens, both domestically and abroad.
Q: Why is this trend relevant for users or analysts?
A: GNI is a comprehensive measure of a country's economic performance and living standards, providing important context beyond just domestic production.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on national accounts information provided by the Philippine government.
Q: How is this trend used in economic policy?
A: GNI is used by institutions like the World Bank to evaluate a country's economic growth, development, and standard of living, informing policy decisions.
Q: Are there update delays or limitations?
A: The GNI data for the Philippines is published annually with a delay of approximately one year.
Related Trends
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DBNLTRIAONCPH
Value of Exports to Philippines from Arizona
AZPHLA052SCEN
Geographical Outreach: Number of Branches, Excluding Headquarters, for Other Depository Corporations for Philippines
PHLFCBODNUM
Central government debt, total (% of GDP) for the Philippines
DEBTTLPHA188A
People 15 Years and Over Borrowing from a Financial Institution in the Past Year for Philippines
DDAI07PHA156NWDB
Private Credit by Deposit Money Banks to GDP for Philippines
DDDI01PHA156NWDB
Citation
U.S. Federal Reserve, Gross National Income for Philippines (MKTGNIPHA646NWDB), retrieved from FRED.