Ratio of GNP to GDP for Montenegro
GNPGDPMEA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
99.30
Year-over-Year Change
-5.47%
Date Range
1/1/1990 - 1/1/2010
Summary
The Ratio of GNP to GDP for Montenegro measures the relationship between a country's Gross National Product (GNP) and Gross Domestic Product (GDP). This metric provides insights into a nation's economic structure and international economic integration.
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 GNP to GDP ratio compares the total income earned by a country's citizens and businesses, both domestically and abroad (GNP), to the total economic output produced within the country's borders (GDP). This ratio can indicate the degree of a country's global economic engagement and the importance of international earnings to its citizens.
Methodology
The data is calculated by the U.S. Federal Reserve based on official national accounts statistics.
Historical Context
Policymakers and analysts use this ratio to assess a country's economic openness and dependence on foreign earnings.
Key Facts
- Montenegro's GNP to GDP ratio has averaged around 0.92 over the past decade.
- A GNP to GDP ratio above 1.0 indicates a country earns more from foreign sources than it produces domestically.
- Smaller, open economies often have GNP to GDP ratios higher than 1.0.
FAQs
Q: What does this economic trend measure?
A: The Ratio of GNP to GDP for Montenegro 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 Montenegro's economic structure and degree of global economic integration, which is useful for policymakers and analysts assessing the country's economic openness and dependence on foreign earnings.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on official national accounts statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use the GNP to GDP ratio to assess a country's economic openness and dependence on foreign earnings, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data may be subject to periodic revisions and can have update delays due to the time required to collect and publish national accounts statistics.
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Citation
U.S. Federal Reserve, Ratio of GNP to GDP for Montenegro (GNPGDPMEA156NUPN), retrieved from FRED.