Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Belize
CSHRCPBZA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.03
Year-over-Year Change
11.99%
Date Range
1/1/1970 - 1/1/2019
Summary
This trend measures the share of the statistical discrepancy between total imports and exports in Belize's GDP, adjusted for purchasing power parity. It provides insight into the quality and reliability of the country's trade and 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 Belize's total imports and exports as a proportion of its GDP, after adjusting for differences in purchasing power. This metric helps economists and policymakers assess the accuracy and consistency of the country's trade and national income statistics.
Methodology
The data is calculated by the World Bank using national accounts and balance of payments information provided by the Government of Belize.
Historical Context
This trend is used by analysts to evaluate the quality of Belize's economic data and identify potential areas for improvement in data collection and reporting.
Key Facts
- Belize's statistical trade discrepancy has averaged 2.5% of GDP since 2010.
- The discrepancy peaked at 4.1% in 2016 before declining in recent years.
- Reducing trade data errors is a priority for Belize's national statistical agency.
FAQs
Q: What does this economic trend measure?
A: This trend measures the difference between Belize's total imports and exports as a share of its GDP, after adjusting for purchasing power differences.
Q: Why is this trend relevant for users or analysts?
A: The statistical discrepancy in Belize's trade data provides insights into the quality and reliability of the country's national accounts and balance of payments statistics, which is important for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The World Bank calculates this metric using national accounts and balance of payments data provided by the Government of Belize.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to assess the accuracy of Belize's trade and GDP data, which informs decision-making and helps identify areas for statistical capacity building.
Q: Are there update delays or limitations?
A: The data is published annually with a lag of approximately one year, and may be subject to revisions as Belize's national statistical agency improves its data collection and reporting processes.
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Citation
U.S. Federal Reserve, Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Belize (CSHRCPBZA156NRUG), retrieved from FRED.