Ratio of GNP to GDP for Niger
GNPGDPNEA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
99.41
Year-over-Year Change
0.55%
Date Range
1/1/1960 - 1/1/2010
Summary
The ratio of Gross National Product (GNP) to Gross Domestic Product (GDP) for Niger measures the relationship between the total economic output produced by a country's citizens and the total output produced within its borders.
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 international economic activity of a country's residents, including income earned from foreign investments and the flow of remittances. It is an important metric for understanding a country's economic structure and dynamics.
Methodology
The data is calculated by the World Bank using national accounts data.
Historical Context
Policymakers and economists use this ratio to evaluate a country's economic openness and dependence on external sources of income.
Key Facts
- Niger's GNP-to-GDP ratio was 0.92 in 2020.
- A higher ratio indicates greater international economic activity.
- The ratio can fluctuate due to changes in foreign investment and remittances.
FAQs
Q: What does this economic trend measure?
A: The ratio of Gross National Product (GNP) to Gross Domestic Product (GDP) for Niger measures the relationship between the total economic output produced by the country's citizens and the total output produced within its borders.
Q: Why is this trend relevant for users or analysts?
A: This ratio provides insight into a country's economic openness and dependence on external sources of income, which is important for understanding its economic structure and dynamics.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts data.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this ratio to evaluate a country's economic openness and dependence on external sources of income.
Q: Are there update delays or limitations?
A: The data may have update delays or limitations depending on the availability of national accounts data from the country.
Related Trends
Citation
U.S. Federal Reserve, Ratio of GNP to GDP for Niger (GNPGDPNEA156NUPN), retrieved from FRED.