Ratio of GNP to GDP for Ireland
GNPGDPIEA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
82.89
Year-over-Year Change
-7.54%
Date Range
1/1/1960 - 1/1/2010
Summary
The ratio of Gross National Product (GNP) to Gross Domestic Product (GDP) for Ireland measures the difference between the total income earned by Irish residents and the total output produced within Ireland's borders.
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 the degree of Ireland's economic openness and integration with the global economy. It is an important metric for understanding the distribution of income and economic resources.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using national accounts data.
Historical Context
Policymakers and analysts use this ratio to assess Ireland's economic performance and competitiveness.
Key Facts
- Ireland's GNP/GDP ratio is typically higher than 1, indicating a net inflow of income from abroad.
- The ratio reflects Ireland's heavy reliance on multinational corporations and exports.
- Changes in the ratio can signal shifts in Ireland's economic structure and competitiveness.
FAQs
Q: What does this economic trend measure?
A: The ratio of Gross National Product (GNP) to Gross Domestic Product (GDP) for Ireland measures the difference between the total income earned by Irish residents and the total output produced within Ireland's borders.
Q: Why is this trend relevant for users or analysts?
A: This ratio provides insight into the degree of Ireland's economic openness and integration with the global economy, which is an important metric for understanding the distribution of income and economic resources.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using national accounts data.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this ratio to assess Ireland's economic performance and competitiveness.
Q: Are there update delays or limitations?
A: The data is subject to the timeliness and accuracy of the underlying national accounts data reported by Ireland.
Related Trends
Citation
U.S. Federal Reserve, Ratio of GNP to GDP for Ireland (GNPGDPIEA156NUPN), retrieved from FRED.