Ratio of GNP to GDP for Norway
GNPGDPNOA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
101.20
Year-over-Year Change
2.35%
Date Range
1/1/1960 - 1/1/2010
Summary
The ratio of Gross National Product (GNP) to Gross Domestic Product (GDP) for Norway measures the difference between the total value of goods and services produced by Norwegian-owned factors of production and the total value of goods and services produced within Norway's 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 Norway's economic structure and the extent to which its residents' income is derived from domestic or foreign sources. It is an important indicator for economists and policymakers analyzing Norway's economic performance and integration with the global economy.
Methodology
The data is calculated by the U.S. Federal Reserve using official national accounts data.
Historical Context
The GNP/GDP ratio is used to assess Norway's economic independence, trade balances, and the impact of foreign investment and earnings on its citizens' standard of living.
Key Facts
- Norway's GNP/GDP ratio has averaged around 1.05 over the past decade.
- The ratio reflects Norway's status as a major capital exporter due to its large sovereign wealth fund.
- Fluctuations in the ratio can indicate changes in Norway's trade balance or foreign investment flows.
FAQs
Q: What does this economic trend measure?
A: The ratio of Gross National Product (GNP) to Gross Domestic Product (GDP) for Norway measures the difference between the total value of goods and services produced by Norwegian-owned factors of production and the total value of goods and services produced within Norway's borders.
Q: Why is this trend relevant for users or analysts?
A: This ratio provides insight into Norway's economic structure and the extent to which its residents' income is derived from domestic or foreign sources, which is important for analyzing Norway's economic performance and integration with the global economy.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve using official national accounts data.
Q: How is this trend used in economic policy?
A: The GNP/GDP ratio is used to assess Norway's economic independence, trade balances, and the impact of foreign investment and earnings on its citizens' standard of living.
Q: Are there update delays or limitations?
A: The data is subject to the same update schedule and limitations as the underlying national accounts data reported by Norwegian authorities.
Related Trends
Citation
U.S. Federal Reserve, Ratio of GNP to GDP for Norway (GNPGDPNOA156NUPN), retrieved from FRED.