Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Canada
CSHRCPCAA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.01
Year-over-Year Change
165.09%
Date Range
1/1/1950 - 1/1/2019
Summary
This economic trend measures the share of the statistical discrepancy between Canada's total exports and imports as a percentage of its GDP, adjusted for purchasing power parity. It provides insights into the reliability of Canada's international trade 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 is an indicator that highlights the difference between Canada's reported exports and imports. This metric helps economists and policymakers assess the quality and consistency of the country's international trade statistics.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using Canada's reported trade and GDP figures.
Historical Context
This trend is used to monitor the accuracy of Canada's trade balance and its broader economic performance.
Key Facts
- Canada's trade and GDP statistics often show a small discrepancy.
- This metric tracks the size of that discrepancy as a share of GDP.
- The discrepancy can indicate data quality issues or conceptual differences.
FAQs
Q: What does this economic trend measure?
A: This trend measures the share of the statistical discrepancy between Canada's reported exports and imports as a percentage of its GDP, adjusted for purchasing power parity.
Q: Why is this trend relevant for users or analysts?
A: This metric helps economists and policymakers assess the quality and consistency of Canada's international trade statistics, which is important for understanding the country's economic performance.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using Canada's reported trade and GDP figures.
Q: How is this trend used in economic policy?
A: This trend is used to monitor the accuracy of Canada's trade balance and its broader economic performance, which is relevant for policymakers and market analysts.
Q: Are there update delays or limitations?
A: There may be update delays or limitations inherent in the underlying trade and GDP data reported by Canada.
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Citation
U.S. Federal Reserve, Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Canada (CSHRCPCAA156NRUG), retrieved from FRED.