Ratio of GNP to GDP for Bahamas
GNPGDPBSA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
95.58
Year-over-Year Change
-4.02%
Date Range
1/1/1960 - 1/1/2010
Summary
The Ratio of GNP to GDP for Bahamas measures the relationship between a country's Gross National Product (GNP) and Gross Domestic Product (GDP), providing insights into its economic performance and trade dynamics.
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 Ratio of GNP to GDP compares the total economic output generated by a country's residents (GNP) to the output produced within its borders (GDP). This metric offers valuable perspectives on a nation's reliance on foreign earnings and the extent of its international economic integration.
Methodology
The data is calculated by the U.S. Federal Reserve using established national accounting principles.
Historical Context
Economists and policymakers use this ratio to analyze a country's economic structure and external dependence.
Key Facts
- The Bahamas has historically maintained a GNP to GDP ratio above 1.0, indicating a net inflow of foreign earnings.
- A high ratio suggests the Bahamian economy is heavily dependent on external sources of income, such as tourism and offshore banking.
- Tracking changes in this ratio over time can reveal shifts in the Bahamas' economic integration and competitiveness.
FAQs
Q: What does this economic trend measure?
A: The Ratio of GNP to GDP for Bahamas measures the relationship between the country's Gross National Product (GNP) and Gross Domestic Product (GDP).
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the Bahamian economy's reliance on foreign earnings and degree of international economic integration, which is crucial for understanding its growth and trade dynamics.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve using established national accounting principles.
Q: How is this trend used in economic policy?
A: Economists and policymakers use the Ratio of GNP to GDP for Bahamas to analyze the country's economic structure and external dependence, which informs policy decisions related to trade, investment, and economic development.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Federal Reserve, but there may be some delays in reporting due to the time required for data collection and processing.
Related Trends
Citation
U.S. Federal Reserve, Ratio of GNP to GDP for Bahamas (GNPGDPBSA156NUPN), retrieved from FRED.