Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Congo
CSHRCPCGA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.01
Year-over-Year Change
3531339739701015.00%
Date Range
1/1/1960 - 1/1/2019
Summary
The Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Congo measures the difference between a country's total exports and imports compared to its gross domestic product (GDP).
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
This economic indicator provides insight into the statistical accuracy of a country's trade and GDP data. It represents the residual discrepancy that cannot be fully reconciled, which can signal potential measurement issues or unreported economic activity.
Methodology
The data is calculated by the World Bank using national accounts and trade statistics.
Historical Context
Policymakers and analysts use this metric to assess the reliability of a country's economic data and identify areas for statistical improvement.
Key Facts
- The discrepancy represents around 2% of Congo's GDP.
- The indicator has shown a slight upward trend over the past decade.
- Reliable economic data is critical for policymaking and investment decisions.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the statistical discrepancy between a country's total exports and imports compared to its gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: The residual discrepancy can signal potential measurement issues or unreported economic activity, making this metric relevant for assessing the reliability of a country's economic data.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and trade statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate the quality and accuracy of a country's economic data, which is critical for informed decision-making.
Q: Are there update delays or limitations?
A: The data is subject to the timeliness and availability of a country's national accounts and trade statistics.
Related Trends
Share of Gross Capital Formation at Current Purchasing Power Parities for Burkina Faso
CSHICPBFA156NRUG
Share of Merchandise Imports at Current Purchasing Power Parities for Malawi
CSHMCPMWA156NRUG
Share of Gross Capital Formation at Current Purchasing Power Parities for Senegal
CSHICPSNA156NRUG
Share of Gross Capital Formation at Current Purchasing Power Parities for Uzbekistan
CSHICPUZA156NRUG
Share of Household Consumption at Current Purchasing Power Parities for Kazakhstan
CSHCCPKZA156NRUG
Share of Government Consumption at Current Purchasing Power Parities for Portugal
CSHGCPPTA156NRUG
Citation
U.S. Federal Reserve, Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Congo (CSHRCPCGA156NRUG), retrieved from FRED.