Gross National Income for Russian Federation
MKTGNIRUA646NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,145,349,984,519.08
Year-over-Year Change
0.22%
Date Range
1/1/1988 - 1/1/2024
Summary
Gross National Income (GNI) for the Russian Federation measures the total domestic and foreign economic output claimed by residents of the country. It is an important indicator of a nation's economic well-being 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 value of all goods and services produced by Russian residents, both within Russia and abroad, minus goods and services consumed by foreign residents within Russia. It is a broader measure of economic activity than just Gross Domestic Product (GDP).
Methodology
GNI data is collected and calculated by the World Bank using nationally reported economic statistics.
Historical Context
Analysts and policymakers use Russia's GNI to assess the overall health and growth of the national economy.
Key Facts
- GNI per capita in Russia was $11,260 in 2021.
- Russia's GNI grew by 4.7% in 2021 after contracting in 2020.
- GNI measures economic output including income earned abroad by Russian residents.
FAQs
Q: What does this economic trend measure?
A: Gross National Income (GNI) for the Russian Federation measures the total value of goods and services produced by Russian residents, both within Russia and abroad.
Q: Why is this trend relevant for users or analysts?
A: GNI is an important indicator of a country's overall economic well-being and living standards, providing a broader perspective than just domestic GDP.
Q: How is this data collected or calculated?
A: The World Bank collects and calculates Russia's GNI data using nationally reported economic statistics.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use Russia's GNI to assess the health and growth of the national economy, which informs economic and policy decisions.
Q: Are there update delays or limitations?
A: GNI data is typically published by the World Bank with a 1-2 year lag, so the most recent figures may not reflect the current economic situation.
Related Trends
Producer Prices Index: Economic Activities: Manufacturing: Total for Russia
RUSPIEAMP01GPM
Outstanding International Private Debt Securities to GDP for Russian Federation
DDDM05RUA156NWDB
Infra-Annual Labor Statistics: Employment Rate Female: 15 Years or over for Russia
RUSLREMTTFESTSAM
Number of Identified Exporters to Russia from Tennessee
TNRUSA475SCEN
Use of Financial Services Deposit Accounts: Accounts at Insurance Corporations for Russian Federation
RUSFCAOFINUM
Number of Identified Exporters to Russia from Minnesota
MNRUSA475SCEN
Citation
U.S. Federal Reserve, Gross National Income for Russian Federation (MKTGNIRUA646NWDB), retrieved from FRED.