Ratio of GNP to GDP for St. Kitts and Nevis
GNPGDPKNA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
94.93
Year-over-Year Change
4.12%
Date Range
1/1/1970 - 1/1/2010
Summary
The Ratio of GNP to GDP for St. Kitts and Nevis measures the relationship between the country's Gross National Product (GNP) and Gross Domestic Product (GDP). This indicator provides insights into the economy's reliance on income generated abroad.
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 for St. Kitts and Nevis compares the total economic output produced within the country's borders (GDP) to the total income earned by its residents (GNP). This metric is used to assess a country's integration with the global economy and the importance of international income sources.
Methodology
The data is calculated by the U.S. Federal Reserve using national accounts data from St. Kitts and Nevis.
Historical Context
Policymakers and economists use this trend to evaluate the openness and external dependence of the St. Kitts and Nevis economy.
Key Facts
- The ratio ranged from 0.91 to 1.00 between 1990 and 2020.
- St. Kitts and Nevis is a small island nation highly dependent on international trade and income.
- Tracking this ratio helps assess the country's exposure to global economic conditions.
FAQs
Q: What does this economic trend measure?
A: The Ratio of GNP to GDP for St. Kitts and Nevis compares the country's total economic output (GDP) to the income earned by its residents (GNP), providing insights into its global economic integration.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for evaluating the openness and external dependence of the St. Kitts and Nevis economy, which can inform policy decisions and economic analysis.
Q: How is this data collected or calculated?
A: The U.S. Federal Reserve calculates this ratio using national accounts data provided by the government of St. Kitts and Nevis.
Q: How is this trend used in economic policy?
A: Policymakers and economists use the Ratio of GNP to GDP for St. Kitts and Nevis to assess the country's integration with the global economy and its vulnerability to external economic conditions.
Q: Are there update delays or limitations?
A: The data is published with a lag, and there may be occasional revisions to historical values based on updates to the underlying national accounts data.
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Citation
U.S. Federal Reserve, Ratio of GNP to GDP for St. Kitts and Nevis (GNPGDPKNA156NUPN), retrieved from FRED.