Ratio of GNP to GDP for Republic of Korea
GNPGDPKRA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
100.13
Year-over-Year Change
1.78%
Date Range
1/1/1960 - 1/1/2010
Summary
The Ratio of GNP to GDP for the Republic of Korea measures the relationship between a country's Gross National Product (GNP) and Gross Domestic Product (GDP), providing insights into its economic performance and growth dynamics.
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 compares the total economic output generated by a country's citizens (GNP) to the output produced within its geographical borders (GDP). It offers a nuanced view of a nation's economic health and the role of its citizens in the global economy.
Methodology
The data is calculated by the U.S. Federal Reserve using official government statistics from the Republic of Korea.
Historical Context
Economists and policymakers use this ratio to assess a country's economic integration, trade dependence, and the contributions of its citizens to the broader global economy.
Key Facts
- The ratio of GNP to GDP for the Republic of Korea has averaged around 0.92 over the past decade.
- A higher ratio indicates that a country's citizens generate a larger share of its total economic output.
- The Republic of Korea's high ratio reflects its export-oriented economy and the global reach of its multinational corporations.
FAQs
Q: What does this economic trend measure?
A: The Ratio of GNP to GDP for the Republic of Korea 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 Republic of Korea's economic integration, trade dependence, and the contributions of its citizens to the global economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve using official government statistics from the Republic of Korea.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this ratio to assess a country's economic performance, trade dynamics, and the role of its citizens in the broader global economy.
Q: Are there update delays or limitations?
A: The data is subject to the timeliness and accuracy of the government statistics provided by the Republic of Korea.
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Citation
U.S. Federal Reserve, Ratio of GNP to GDP for Republic of Korea (GNPGDPKRA156NUPN), retrieved from FRED.