Ratio of GNP to GDP for Grenada
GNPGDPGDA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
93.43
Year-over-Year Change
0.27%
Date Range
1/1/1970 - 1/1/2010
Summary
The Ratio of Gross National Product (GNP) to Gross Domestic Product (GDP) for Grenada is an important economic indicator that measures the country's reliance on foreign income sources.
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 compares the total income earned by Grenadian residents, both within and outside the country, to the total output produced within Grenada's borders. It provides insights into the role of international trade and investment for the Grenadian economy.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using national accounts statistics.
Historical Context
Policymakers and analysts use this ratio to evaluate Grenada's economic openness and dependence on foreign economic activity.
Key Facts
- Grenada's GNP-to-GDP ratio has averaged around 1.02 over the past decade.
- A ratio above 1.0 indicates that Grenada earns more income from abroad than it pays to foreign entities.
- The ratio is influenced by factors like remittances, foreign direct investment, and the trade balance.
FAQs
Q: What does this economic trend measure?
A: The Ratio of Gross National Product (GNP) to Gross Domestic Product (GDP) for Grenada measures the country's reliance on foreign income sources compared to domestic economic activity.
Q: Why is this trend relevant for users or analysts?
A: This ratio provides insights into Grenada's economic openness and dependence on international trade and investment, which is important for policymakers and economists analyzing the country's economic performance and vulnerabilities.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using national accounts statistics for Grenada.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this ratio to evaluate Grenada's economic openness and dependence on foreign economic activity, which informs decisions related to trade, investment, and macroeconomic policies.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Ratio of GNP to GDP for Grenada (GNPGDPGDA156NUPN), retrieved from FRED.