Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for the Democratic Republic of the Congo
CSHRCPCDA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.06
Year-over-Year Change
-359.35%
Date Range
1/1/1950 - 1/1/2019
Summary
This economic trend measures the statistical discrepancy between a country's trade data and its GDP data, providing insights into data quality and economic balancing.
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 a country's recorded imports/exports and its reported GDP, which can indicate data reliability issues or economic imbalances.
Methodology
The data is calculated by national statistical agencies based on trade and GDP reporting.
Historical Context
This metric is used by economists and policymakers to assess data quality and spot potential economic imbalances.
Key Facts
- The metric is expressed as a percentage of GDP.
- High discrepancies can signal data reliability issues or economic imbalances.
- The Democratic Republic of the Congo has had large trade-GDP discrepancies in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the difference between a country's recorded imports/exports and its reported GDP, providing insights into data quality and economic balancing.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for economists and policymakers to assess data reliability and spot potential economic imbalances in a country.
Q: How is this data collected or calculated?
A: The data is calculated by national statistical agencies based on trade and GDP reporting.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to evaluate data quality and identify potential economic imbalances that may require policy interventions.
Q: Are there update delays or limitations?
A: The data may be subject to revisions and can have update lags depending on the reporting timelines of the national statistical agencies.
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Citation
U.S. Federal Reserve, Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for the Democratic Republic of the Congo (CSHRCPCDA156NRUG), retrieved from FRED.