Ratio of GNP to GDP for Bolivia
GNPGDPBOA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
95.62
Year-over-Year Change
-2.52%
Date Range
1/1/1960 - 1/1/2010
Summary
The Ratio of GNP to GDP for Bolivia measures the relationship between Bolivia's Gross National Product (GNP) and Gross Domestic Product (GDP). This indicator provides insights into the country's economic structure and performance.
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
The GNP to GDP ratio compares the total economic output generated by Bolivian citizens and companies (GNP) to the overall economic activity within Bolivia's borders (GDP). This ratio can reveal the degree of Bolivia's integration with the global economy and the importance of foreign income sources to its citizens.
Methodology
The data is calculated by the U.S. Federal Reserve using official Bolivian government statistics.
Historical Context
Policymakers and analysts use this ratio to assess Bolivia's economic openness and dependence on foreign markets.
Key Facts
- Bolivia's GNP to GDP ratio has averaged around 0.95 over the past decade.
- A GNP to GDP ratio below 1.0 indicates Bolivia's domestic economic activity exceeds income earned by its citizens abroad.
- The ratio reflects Bolivia's relatively closed economy and limited international economic integration.
FAQs
Q: What does this economic trend measure?
A: The Ratio of GNP to GDP for Bolivia compares the country's Gross National Product (GNP) to its Gross Domestic Product (GDP), providing insights into its economic openness and reliance on foreign income sources.
Q: Why is this trend relevant for users or analysts?
A: This ratio is useful for understanding Bolivia's level of economic integration with the global economy and the importance of foreign earnings to its citizens and companies.
Q: How is this data collected or calculated?
A: The U.S. Federal Reserve calculates the GNP to GDP ratio for Bolivia using official government statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this ratio to assess Bolivia's economic openness and dependence on foreign markets, which informs decisions around trade, investment, and economic development policies.
Q: Are there update delays or limitations?
A: The GNP to GDP ratio data for Bolivia may have update delays of several months due to the time required to collect and publish the underlying GNP and GDP statistics.
Related Trends
Citation
U.S. Federal Reserve, Ratio of GNP to GDP for Bolivia (GNPGDPBOA156NUPN), retrieved from FRED.