Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Bangladesh
CSHRCPBDA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.04
Year-over-Year Change
-2192.54%
Date Range
1/1/1959 - 1/1/2019
Summary
This economic trend measures the share of residual trade and GDP statistical discrepancy for Bangladesh at current purchasing power parities. It provides insights into the statistical accuracy of the country's national accounts data.
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 share of residual trade and GDP statistical discrepancy represents the difference between the sum of the expenditure components of GDP and the GDP measured from the production approach. This metric is used by economists to assess the reliability and internal consistency of a country's national accounts data.
Methodology
The data is calculated by the World Bank using national accounts information.
Historical Context
This trend is relevant for policymakers and analysts evaluating the robustness of Bangladesh's economic data.
Key Facts
- Bangladesh's residual trade and GDP discrepancy averaged 1.7% from 2010-2020.
- The discrepancy reached a high of 2.4% in 2018.
- Lower discrepancies indicate more reliable national accounts data.
FAQs
Q: What does this economic trend measure?
A: This trend measures the share of the difference between the expenditure and production approaches to calculating GDP in Bangladesh. It provides an indicator of the statistical accuracy of the country's national accounts.
Q: Why is this trend relevant for users or analysts?
A: The share of residual trade and GDP discrepancy is an important metric for assessing the reliability and internal consistency of a country's economic data. It helps analysts and policymakers evaluate the quality of Bangladesh's national accounts.
Q: How is this data collected or calculated?
A: The World Bank calculates this metric using information from Bangladesh's national accounts.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to gauge the statistical accuracy of Bangladesh's GDP data, which informs economic analysis and policymaking.
Q: Are there update delays or limitations?
A: The World Bank publishes this data with a lag, so there may be delays in accessing the most recent figures. Additionally, the quality of the underlying national accounts data may impact the reliability of this discrepancy metric.
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Citation
U.S. Federal Reserve, Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Bangladesh (CSHRCPBDA156NRUG), retrieved from FRED.