Ratio of GNP to GDP for Iraq
GNPGDPIQA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
97.49
Year-over-Year Change
27.45%
Date Range
1/1/1960 - 1/1/2010
Summary
The Ratio of GNP to GDP for Iraq measures the relationship between a country's Gross National Product (GNP) and Gross Domestic Product (GDP). This metric provides insight into Iraq's economic performance and integration with the global economy.
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 Ratio of GNP to GDP compares the total income earned by a country's citizens (GNP) to the total economic output produced within its borders (GDP). This ratio can indicate the degree of a country's economic openness and dependence on foreign income sources.
Methodology
The data is calculated by the U.S. Federal Reserve using official statistics from the Iraqi government.
Historical Context
Economists and policymakers use this ratio to assess Iraq's economic conditions and international trade dynamics.
Key Facts
- Iraq's GNP-to-GDP ratio has fluctuated between 0.90 and 1.10 over the past decade.
- A ratio above 1.0 indicates Iraq earns more income from abroad than it produces domestically.
- The ratio provides insight into Iraq's dependence on foreign trade and investment.
FAQs
Q: What does this economic trend measure?
A: The Ratio of GNP to GDP for Iraq compares the country's total national income (GNP) to its domestic economic output (GDP), providing insight into its economic openness and integration with the global economy.
Q: Why is this trend relevant for users or analysts?
A: This ratio is useful for economists and policymakers to assess Iraq's economic performance, trade dynamics, and reliance on foreign income sources.
Q: How is this data collected or calculated?
A: The U.S. Federal Reserve calculates the Ratio of GNP to GDP for Iraq using official statistics from the Iraqi government.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this ratio to evaluate Iraq's economic openness, trade relationships, and dependence on foreign income, which informs decisions about economic and trade policies.
Q: Are there update delays or limitations?
A: There may be lags in data availability or revisions due to the challenges of collecting comprehensive economic statistics in Iraq.
Related Trends
Citation
U.S. Federal Reserve, Ratio of GNP to GDP for Iraq (GNPGDPIQA156NUPN), retrieved from FRED.