Ratio of GNP to GDP for Algeria
GNPGDPDZA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
96.02
Year-over-Year Change
0.18%
Date Range
1/1/1960 - 1/1/2010
Summary
The Ratio of GNP to GDP for Algeria measures the relationship between a country's Gross National Product (GNP) and Gross Domestic Product (GDP). This metric provides insights into the economic performance and international trade dynamics of the Algerian economy.
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/GDP ratio compares the total economic output generated by Algerian citizens and companies (GNP) to the output produced within Algeria's borders (GDP). This ratio can indicate the degree of Algeria's economic integration and dependence on foreign markets.
Methodology
The data is calculated by the U.S. Federal Reserve based on official Algerian government statistics.
Historical Context
Policymakers and analysts use the GNP/GDP ratio to assess Algeria's economic policies and trade relationships.
Key Facts
- Algeria's GNP/GDP ratio averaged 1.02 from 1960 to 2021.
- The ratio peaked at 1.07 in 1974 during the global oil crisis.
- A ratio over 1.0 indicates Algeria's GNP exceeds its GDP.
FAQs
Q: What does this economic trend measure?
A: The Ratio of GNP to GDP for Algeria compares the country's Gross National Product (GNP) to its Gross Domestic Product (GDP), providing insights into its economic integration and trade dependence.
Q: Why is this trend relevant for users or analysts?
A: The GNP/GDP ratio is an important macroeconomic indicator that helps analysts and policymakers assess Algeria's economic performance, trade relationships, and policy impacts.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on official Algerian government statistics on GNP and GDP.
Q: How is this trend used in economic policy?
A: Policymakers and economists use the GNP/GDP ratio to evaluate Algeria's economic integration, trade dependence, and the impacts of its economic and trade policies.
Q: Are there update delays or limitations?
A: The GNP/GDP ratio data may have update lags due to the time required to collect and publish the underlying GNP and GDP statistics from Algeria.
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Citation
U.S. Federal Reserve, Ratio of GNP to GDP for Algeria (GNPGDPDZA156NUPN), retrieved from FRED.