DR's GNP

NALs

Economist by Profession
Jan 20, 2003
13,368
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does the DR measure its GNP?

how does it compare to its GDP?
Officially, GNP has not been used to gauge the size of an economy since 1993 when all such statistics are based on GDP.

For those of you who don't know the difference:

GNP means Gross National Product and is the sum of the economic output of all firms of a country. Example: A General Motors factory in the United States will count towards the GNP of the United States but the Toyota factory in the United States will count towards the GNP of Japan.

GDP means Gross Domestic Product and is the sum of all economic output within a country, regardless if the companies are foreign or domestic. Example: A General Motors factory in the United States will counted towards the GDP of the US as well as the Toyota factory in the United States will count towards the GDP of the US, not Japan.
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Regarding how it compares to GDP, it's hard to say since such statistics are not officially available anymore. You have to be careful to not comfuse exchange rate adjusted GDP and Purchasing Power Parity GDP, the later being the most used although the first is used as well.

The difference is that the first is created by taking the GDP in local currency and using the exchange rate to see how much it is in a hard currency such as US Dollar. Purchasing Power Parity GDP is adjusted for the CPI level of the country.

Thus, GDP (PPP) will appear bigger than regular GDP and GNP will be smaller than GDP, especially in a country like the DR where the vast majority of goods sold are either imported or have imported material.

-NALs
 

NALs

Economist by Profession
Jan 20, 2003
13,368
3,150
113
Last edited by a moderator:

NALs

Economist by Profession
Jan 20, 2003
13,368
3,150
113
does anyone measure it?
...if so, how does it compare to DR's GDP?
Anyone can attempt to measure the GNP, but no official entity engage in such thing since GDP is universally accepted, although Americans have a tendency to put more emphasis on GDP PPP rather than nominal GDP.

It's hard to say how it compares to GDP since there are no reliable GNP estimates except for the one's created prior to 1993. The problem with using those estimates is that the DR has grown since then and there are more Dominican companies and the big one's have become even bigger and have expanded abroad.

The only thing that I can say is that GNP almost always is smaller than GDP, especially in an economy that has a large participation of foreign companies in most economic sectors.

According to Latin Business Chronicle (click on the link at the end of this post), the Dominican Republic has the 2nd most globalized economy in Latin America, number 1 being Panama. Speaks volumes of the importance foreign companies are to the Dominican economy and as such, whatever those foreign companies produce within the DR will count towards the GNP of their respective nations. However, whatever they produce within the DR will be counted towards the DR's GDP.

-NALs

http://www.latinbusinesschronicle.com/reports/reports/lagi100305.htm
 
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aegap

Silver
Mar 19, 2005
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NALs said:
The only thing that I can say is that GNP almost always is smaller than GDP, especially in an economy that has a large participation of foreign companies in most economic sectors.
...


According to Latin Business Chronicle (click on the link at the end of this post), the Dominican Republic has the 2nd most globalized economy in Latin America, number 1 being Panama. Speaks volumes of the importance foreign companies are to the Dominican economy and as such, whatever those foreign companies produce within the DR will count towards the GNP of their respective nations. However, whatever they produce within the DR will be counted towards the DR's GDP
That's exactly why I'm interested in a comparison of the two. ..I want to know what Dominicans ACTUALLY own!
 

Market Economy

New member
May 9, 2006
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aegap,

Check the IMF International Financial Statistics. They may have it.


Note: This is my personal opinion, an should not constitute investment advice. E-mail me at my personal address if you want to develop a dialogue
 

Market Economy

New member
May 9, 2006
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aegap

in million of pesos

00 01 02 03 04

1950 383 455 501 510 537
1955 555 630 705 741 688
1960 723 676 858 989 1105
1965 942 1056 1102 1130 1321
1970 1460 1638 1941 2268 2841
1975 3486 3828 4464 4599 5311
1980 6421 6990 7710 8745 10911
1985 15000 17062 21244 31203 40687
1990 57597 121103 140170 152376 172299
1995 198745 222869 258450 293846 324087
2000 367422 398398 443103 558971 842924
2005 998838
Source: IMF, IFS

Note: This is my personal opinion, an should not constitute investment advice. E-mail me at my personal address if you want to develop a dialogue
 

mondongo

Bronze
Jan 1, 2002
1,533
6
38
For better or worse, the IMF (and just about everyone else) gets is DR numbers from the DR Central Bank.

Colum on the right is nominal GDP in DR$ Millions, using current DR$ (non-inflation adjusted):

1993____ 121,808.3
1994____ 137,566.4
1995____ 162,282.6
1996____ 183,361.2
1997____ 214,863.7
1998____ 241,977.1
1999 ____ 278,629.6
2000 ____ 324,561.6
2001 ____ 366,232.1
2002____ 402,432.4
2003*____ 503,300.0
2004* ____ 777,187.5
2005* ____ 884,939.0
*Cifras preliminares