Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Cote d'Ivoire
CSHRCPCIA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.03
Year-over-Year Change
48.83%
Date Range
1/1/1960 - 1/1/2019
Summary
The Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Cote d'Ivoire measures the statistical difference between the expenditure and production approaches to calculating GDP in the 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
This metric represents the gap between the expenditure-based and production-based estimates of GDP, which can indicate data quality and measurement challenges. Economists analyze this statistic to better understand the reliability of Cote d'Ivoire's national accounts data.
Methodology
The data is calculated by the World Bank using underlying GDP components.
Historical Context
Policymakers and analysts use this metric to assess the accuracy of Cote d'Ivoire's economic data and identify areas for improvement.
Key Facts
- The metric represents the difference between production-based and expenditure-based GDP estimates.
- A larger discrepancy indicates more uncertainty in Cote d'Ivoire's national accounts data.
- The statistic is calculated and published by the World Bank.
FAQs
Q: What does this economic trend measure?
A: This metric measures the statistical difference between the expenditure and production approaches to calculating GDP in Cote d'Ivoire.
Q: Why is this trend relevant for users or analysts?
A: Economists and policymakers use this statistic to assess the reliability and quality of Cote d'Ivoire's national accounts data.
Q: How is this data collected or calculated?
A: The World Bank calculates this metric using the underlying components of Cote d'Ivoire's GDP.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to identify areas for improvement in Cote d'Ivoire's economic data collection and reporting.
Q: Are there update delays or limitations?
A: The data is published by the World Bank, which may have update lags or limitations in data coverage for Cote d'Ivoire.
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Citation
U.S. Federal Reserve, Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Cote d'Ivoire (CSHRCPCIA156NRUG), retrieved from FRED.