Ratio of GNP to GDP for Equatorial Guinea
GNPGDPGQA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
64.40
Year-over-Year Change
-27.51%
Date Range
1/1/1962 - 1/1/2010
Summary
The ratio of Gross National Product (GNP) to Gross Domestic Product (GDP) for Equatorial Guinea measures the relative size of domestic versus national economic output.
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 provides insight into Equatorial Guinea's economic structure and international economic relationships. It compares the total value of goods and services produced by the country's citizens and businesses, regardless of location, to the total produced within the country's borders.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using official national accounts statistics.
Historical Context
This metric is used by economists and policymakers to assess a country's economic integration and dependence on foreign earnings.
Key Facts
- Equatorial Guinea's GNP/GDP ratio has averaged around 1.05 over the past decade.
- A ratio greater than 1 indicates that Equatorial Guinea earns more from foreign sources than it pays to foreign factors of production.
- The ratio has been declining in recent years as the country's domestic economic output has grown faster than its foreign earnings.
FAQs
Q: What does this economic trend measure?
A: The ratio of Gross National Product (GNP) to Gross Domestic Product (GDP) for Equatorial Guinea measures the relative size of the country's domestic versus national economic output.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into Equatorial Guinea's economic structure and international economic relationships, which is useful for economists and policymakers assessing the country's economic integration and dependence on foreign earnings.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using official national accounts statistics for Equatorial Guinea.
Q: How is this trend used in economic policy?
A: The GNP/GDP ratio is used by economists and policymakers to assess a country's economic integration and dependence on foreign earnings, which informs analysis of trade, investment, and macroeconomic policies.
Q: Are there update delays or limitations?
A: There may be delays in the availability of the latest data due to the time required for national statistical agencies to compile and publish the underlying GNP and GDP figures.
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Citation
U.S. Federal Reserve, Ratio of GNP to GDP for Equatorial Guinea (GNPGDPGQA156NUPN), retrieved from FRED.