Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Central African Republic
CSHRCPCFA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.13
Year-over-Year Change
129.91%
Date Range
1/1/1960 - 1/1/2019
Summary
This economic trend measures the statistical discrepancy between reported trade and GDP data for the Central African Republic, adjusted for purchasing power parity. It provides insights into the quality and reliability of macroeconomic data for this country.
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 reported trade and GDP figures, which can arise from measurement errors or incomplete data. Analyzing this metric helps economists evaluate the accuracy of macroeconomic data and national account statistics for the Central African Republic.
Methodology
The data is calculated by the U.S. Federal Reserve using official trade and GDP figures from Central African Republic authorities.
Historical Context
Policymakers and analysts use this trend to assess the quality of economic data and inform macroeconomic forecasting and policy decisions for the Central African Republic.
Key Facts
- The Central African Republic has high statistical discrepancies between trade and GDP data.
- Discrepancies can indicate data quality issues or incomplete economic reporting.
- Analyzing this trend provides insights into the reliability of macroeconomic statistics.
FAQs
Q: What does this economic trend measure?
A: This trend measures the statistical discrepancy between reported trade and GDP data for the Central African Republic, adjusted for purchasing power parity.
Q: Why is this trend relevant for users or analysts?
A: Analyzing the trade and GDP discrepancy helps economists evaluate the quality and reliability of macroeconomic data for the Central African Republic, which is important for informed policymaking and economic analysis.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve using official trade and GDP figures from Central African Republic authorities.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the quality of economic data and inform macroeconomic forecasting and policy decisions for the Central African Republic.
Q: Are there update delays or limitations?
A: The data may be subject to updates or revisions by the source, and there may be lags in reporting from the Central African Republic authorities.
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Citation
U.S. Federal Reserve, Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Central African Republic (CSHRCPCFA156NRUG), retrieved from FRED.