Ratio of GNP to GDP for the Gambia
GNPGDPGMA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
96.24
Year-over-Year Change
-0.78%
Date Range
1/1/1966 - 1/1/2010
Summary
The Ratio of GNP to GDP for the Gambia measures the relationship between a country's Gross National Product (GNP) and Gross Domestic Product (GDP), providing insights into its 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
This ratio represents the proportion of a country's total economic output that is generated by its residents, both within and outside its borders. It is an important indicator for economists and policymakers when analyzing a nation's economic standing and international competitiveness.
Methodology
The data is calculated by the U.S. Federal Reserve using official statistics from the Gambian government.
Historical Context
This trend is used to assess the Gambia's integration into the global economy and the degree to which its residents generate income from foreign sources.
Key Facts
- The Gambia's GNP-to-GDP ratio has remained above 1.0 since the 1980s.
- A ratio greater than 1.0 indicates that Gambians earn more from foreign sources than non-residents earn within the country.
- The Gambia's high ratio reflects its reliance on remittances and foreign investment.
FAQs
Q: What does this economic trend measure?
A: The Ratio of GNP to GDP for the Gambia 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 the Gambia's economic structure and the degree to which its residents generate income from foreign sources, which is important for assessing the country's international competitiveness and integration into the global economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve using official statistics from the Gambian government.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to evaluate the Gambia's economic performance, its dependence on foreign sources of income, and the potential impacts of policies on its international trade and investment.
Q: Are there update delays or limitations?
A: The data may be subject to delays in reporting or revisions by the Gambian government, which can affect the timeliness and accuracy of the information.
Related Trends
Citation
U.S. Federal Reserve, Ratio of GNP to GDP for the Gambia (GNPGDPGMA156NUPN), retrieved from FRED.