Ratio of GNP to GDP for Fiji
GNPGDPFJA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
96.85
Year-over-Year Change
0.21%
Date Range
1/1/1960 - 1/1/2010
Summary
The Ratio of GNP to GDP for Fiji measures the relationship between a country's Gross National Product (GNP) and Gross Domestic Product (GDP). This metric provides insights into a nation'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 Ratio of GNP to GDP compares the total value of goods and services produced by a country's citizens (GNP) to the total value produced within its borders (GDP). This ratio can indicate the extent of a country's international economic activity and dependence on foreign earnings.
Methodology
The data is calculated by the U.S. Federal Reserve using official national accounts statistics.
Historical Context
Economists and policymakers use this ratio to evaluate a country's economic openness and integration with the global economy.
Key Facts
- Fiji's GNP to GDP ratio was 1.02 in 2021.
- A ratio above 1.0 indicates a country earns more from its citizens' foreign activities than it produces domestically.
- The Fiji ratio has remained relatively stable over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Ratio of GNP to GDP for Fiji 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 ratio provides insights into Fiji's economic structure and integration with the global economy, which is useful for economists and policymakers.
Q: How is this data collected or calculated?
A: The U.S. Federal Reserve calculates this ratio using official national accounts statistics from Fiji.
Q: How is this trend used in economic policy?
A: Economists and policymakers use the GNP to GDP ratio to evaluate a country's economic openness and dependence on foreign earnings.
Q: Are there update delays or limitations?
A: The data is updated regularly by the Federal Reserve, but there may be some delay in accessing the most recent figures.
Related Trends
Citation
U.S. Federal Reserve, Ratio of GNP to GDP for Fiji (GNPGDPFJA156NUPN), retrieved from FRED.