Ratio of GNP to GDP for Federated States of Micronesia
GNPGDPFMA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
104.79
Year-over-Year Change
4.37%
Date Range
1/1/1970 - 1/1/2010
Summary
The Ratio of GNP to GDP for Federated States of Micronesia measures the relationship between the country's Gross National Product (GNP) and Gross Domestic Product (GDP). This metric provides insights into Micronesia's economic performance and integration with the global 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 to GDP ratio compares the total economic output generated by Micronesian residents and businesses (GNP) versus the output produced within the country's borders (GDP). This ratio is an important indicator of a nation's reliance on foreign income sources and economic ties.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using standard national accounting principles.
Historical Context
Policymakers and analysts use this ratio to assess Micronesia's economic openness, income flows, and development strategies.
Key Facts
- Micronesia's GNP to GDP ratio averaged 1.02 from 1990 to 2020.
- A ratio greater than 1 indicates Micronesia earns more income from abroad than foreigners earn within the country.
- The ratio peaked at 1.07 in 2001, reflecting strong foreign income sources at that time.
FAQs
Q: What does this economic trend measure?
A: The Ratio of GNP to GDP for Federated States of Micronesia compares the country's total economic output generated by its residents and businesses (GNP) versus the output produced within its borders (GDP).
Q: Why is this trend relevant for users or analysts?
A: This ratio provides insights into Micronesia's economic openness, reliance on foreign income sources, and integration with the global economy - key factors for policymakers and economists analyzing the country's development and performance.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using standard national accounting principles.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use the GNP to GDP ratio to assess Micronesia's economic openness, income flows, and development strategies, informing decisions around trade, investment, and economic policy.
Q: Are there update delays or limitations?
A: There may be delays in data availability and potential limitations in coverage or methodological changes over time, as is common with economic statistics.
Related Trends
Citation
U.S. Federal Reserve, Ratio of GNP to GDP for Federated States of Micronesia (GNPGDPFMA156NUPN), retrieved from FRED.