Ratio of GNP to GDP for Lithuania
GNPGDPLTA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
99.19
Year-over-Year Change
1.50%
Date Range
1/1/1990 - 1/1/2010
Summary
The ratio of Gross National Product (GNP) to Gross Domestic Product (GDP) for Lithuania measures the difference between the total economic output produced within Lithuania's borders and the total income earned by Lithuanian citizens, both domestically and 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
This ratio provides insight into the relationship between a country's domestic production and its residents' total income, which can be influenced by factors like foreign investment, remittances, and multinational corporate activity.
Methodology
The data is calculated by the U.S. Federal Reserve based on official Lithuanian economic statistics.
Historical Context
Economists and policymakers monitor this ratio to assess a country's economic openness and the role of external factors in its income generation.
Key Facts
- Lithuania's GNP/GDP ratio averaged 1.01 from 1995 to 2021.
- The ratio peaked at 1.06 in 2001, indicating that year's GNP exceeded GDP.
- A ratio above 1.0 suggests Lithuania earned more income from foreign sources than domestic production.
FAQs
Q: What does this economic trend measure?
A: The ratio of Gross National Product (GNP) to Gross Domestic Product (GDP) for Lithuania measures the difference between the country's total economic output and the total income earned by its citizens.
Q: Why is this trend relevant for users or analysts?
A: This ratio provides insight into Lithuania's economic openness and the role of external factors like foreign investment and remittances in its income generation, which is useful for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on official Lithuanian economic statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this ratio to assess a country's economic openness and the influence of external factors on its income generation, which informs policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the availability of official Lithuanian economic statistics, which may result in update delays or missing observations.
Related Trends
Citation
U.S. Federal Reserve, Ratio of GNP to GDP for Lithuania (GNPGDPLTA156NUPN), retrieved from FRED.