Ratio of GNP to GDP for Belize
GNPGDPBZA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
88.69
Year-over-Year Change
-7.40%
Date Range
1/1/1960 - 1/1/2010
Summary
The ratio of Gross National Product (GNP) to Gross Domestic Product (GDP) for Belize measures the relative size of the nation's domestically produced output versus its total income earned by its citizens, both at home and abroad.
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
This ratio provides insight into the openness and integration of Belize's economy with the global marketplace. It can indicate the degree to which Belize's economic activity and income generation depend on foreign earnings versus domestic production.
Methodology
The data is calculated by the U.S. Federal Reserve using official national accounts statistics from Belize.
Historical Context
Economists and policymakers monitor this ratio to assess Belize's economic performance and its engagement with the international economy.
Key Facts
- Belize's GNP/GDP ratio has averaged around 1.05 over the past decade.
- A ratio greater than 1 indicates Belize earns more income from abroad than it produces domestically.
- The ratio peaked at 1.09 in 2015, reflecting Belize's reliance on foreign earnings.
FAQs
Q: What does this economic trend measure?
A: The ratio of Gross National Product (GNP) to Gross Domestic Product (GDP) for Belize measures the relative size of the nation's domestically produced output versus its total income earned by its citizens, both at home and abroad.
Q: Why is this trend relevant for users or analysts?
A: This ratio provides insight into the openness and integration of Belize's economy with the global marketplace, indicating the degree to which its economic activity and income generation depend on foreign earnings versus domestic production.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve using official national accounts statistics from Belize.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this ratio to assess Belize's economic performance and its engagement with the international economy.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Federal Reserve, with potential delays in availability depending on the timeliness of Belize's national accounts reporting.
Related Trends
Citation
U.S. Federal Reserve, Ratio of GNP to GDP for Belize (GNPGDPBZA156NUPN), retrieved from FRED.