Ratio of GNP to GDP for Turkey
GNPGDPTRA156NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
98.99
Year-over-Year Change
0.10%
Date Range
1/1/1967 - 1/1/2010
Summary
The Ratio of GNP to GDP for Turkey 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 activity and international trade 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
The Ratio of GNP to GDP for Turkey compares the total economic output generated by Turkish citizens and companies (GNP) to the total economic output produced within Turkey's borders (GDP). This ratio can indicate the extent of a country's foreign earnings and investments.
Methodology
The data is calculated by the U.S. Federal Reserve using official statistics reported by the Turkish government.
Historical Context
Economists and policymakers use this ratio to assess Turkey's economic integration and dependence on international markets.
Key Facts
- Turkey's GNP-to-GDP ratio has averaged around 0.95 over the past decade.
- A ratio above 1.0 indicates a country earns more from foreign activities than it spends domestically.
- Fluctuations in this ratio can signal changes in Turkey's trade balance or foreign investment flows.
FAQs
Q: What does this economic trend measure?
A: The Ratio of GNP to GDP for Turkey compares a country's total economic output generated by its citizens and companies (GNP) to the total output produced within its borders (GDP).
Q: Why is this trend relevant for users or analysts?
A: This ratio provides insights into Turkey's level of economic integration and dependence on international markets, which is useful for economists and policymakers analyzing the country's trade dynamics and competitiveness.
Q: How is this data collected or calculated?
A: The U.S. Federal Reserve calculates this ratio using official economic statistics reported by the Turkish government.
Q: How is this trend used in economic policy?
A: Economists and policymakers use the Ratio of GNP to GDP for Turkey to assess the country's global economic engagement and the potential impacts of trade policies or foreign investment flows.
Q: Are there update delays or limitations?
A: The data is published with a lag, typically 3-6 months after the reference period, and may be subject to revisions by the Turkish statistical agency.
Related Trends
Citation
U.S. Federal Reserve, Ratio of GNP to GDP for Turkey (GNPGDPTRA156NUPN), retrieved from FRED.