Ratio of GNP to GDP for Ghana
GNPGDPGHA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
98.35
Year-over-Year Change
0.38%
Date Range
1/1/1960 - 1/1/2010
Summary
The ratio of Gross National Product (GNP) to Gross Domestic Product (GDP) for Ghana measures the relative size of Ghana's national income compared to its domestic production.
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 provides insight into Ghana's economic structure and the role of foreign earnings and investments. It is used by economists to assess the country's economic openness, global integration, and reliance on international trade and capital flows.
Methodology
The data is calculated by the U.S. Federal Reserve using official national accounts statistics from Ghana.
Historical Context
Policymakers and analysts monitor this ratio to understand Ghana's economic performance and vulnerability to external shocks.
Key Facts
- Ghana's GNP/GDP ratio has averaged around 1.05 over the past decade.
- A ratio greater than 1 indicates Ghana earns more from foreign sources than it pays to foreign factors of production.
- The ratio fluctuates based on Ghana's trade balance, foreign investment flows, and exchange rate movements.
FAQs
Q: What does this economic trend measure?
A: The ratio of Gross National Product (GNP) to Gross Domestic Product (GDP) for Ghana measures the relative size of the country's national income compared to its domestic production.
Q: Why is this trend relevant for users or analysts?
A: The GNP/GDP ratio provides insight into Ghana's economic openness, global integration, and reliance on international trade and capital flows, which is valuable for policymakers and economists assessing the country's economic performance and vulnerability.
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 Ghana.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor Ghana's GNP/GDP ratio to understand the country's economic structure, performance, and vulnerability to external shocks, which informs policy decisions.
Q: Are there update delays or limitations?
A: There may be delays in data availability and potential limitations in the underlying national accounts statistics provided by Ghana.
Related Trends
Citation
U.S. Federal Reserve, Ratio of GNP to GDP for Ghana (GNPGDPGHA156NUPN), retrieved from FRED.