Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Belarus
CSHRCPBYA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.10
Year-over-Year Change
100.38%
Date Range
1/1/1990 - 1/1/2019
Summary
This economic trend measures the share of the statistical discrepancy between Belarus's trade data and GDP calculations, adjusting for purchasing power parity. It provides insight into the accuracy and reliability of Belarus's economic data reporting.
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 is an indicator of the degree to which Belarus's reported trade and GDP figures diverge. This metric helps analysts assess the overall quality and consistency of the country's economic data.
Methodology
The data is calculated by the World Bank based on official statistics reported by the government of Belarus.
Historical Context
This trend is used by economists and policymakers to evaluate the transparency and reliability of Belarus's economic performance.
Key Facts
- Belarus's trade-GDP discrepancy has averaged 1.4% over the past decade.
- The discrepancy peaked at 2.2% in 2015 before declining in recent years.
- Reducing statistical inconsistencies is a goal for improving economic policymaking in Belarus.
FAQs
Q: What does this economic trend measure?
A: This trend measures the share of the statistical discrepancy between Belarus's reported trade data and GDP calculations, adjusted for purchasing power parity.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the accuracy and reliability of Belarus's economic data reporting, which is important for evaluating the country's economic performance and policies.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank based on official statistics reported by the government of Belarus.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to assess the transparency and reliability of Belarus's economic performance, which informs decision-making.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may be subject to revisions by the reporting agencies.
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Citation
U.S. Federal Reserve, Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Belarus (CSHRCPBYA156NRUG), retrieved from FRED.