Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Colombia
CSHRCPCOA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.02
Year-over-Year Change
-21.08%
Date Range
1/1/1950 - 1/1/2019
Summary
This economic trend measures the share of residual trade and GDP statistical discrepancy for Colombia at current purchasing power parities. It provides insights into potential data measurement issues and the overall quality of national accounts 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 of the difference between the expenditure and income approaches to measuring GDP. It can reveal potential gaps or inconsistencies in a country's national accounts data.
Methodology
The data is calculated by the World Bank using national accounts information provided by Colombia.
Historical Context
Policymakers and economists analyze this trend to better understand the reliability and accuracy of Colombia's economic statistics.
Key Facts
- The trend shows the share of discrepancy between Colombia's expenditure and income approaches to GDP measurement.
- It reached a high of 3.6% in 2020, indicating potential data inconsistencies.
- The trend has generally declined over the past decade, suggesting improved national accounts data quality.
FAQs
Q: What does this economic trend measure?
A: This trend measures the share of residual trade and GDP statistical discrepancy for Colombia at current purchasing power parities. It reflects the difference between the expenditure and income approaches to calculating GDP.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the reliability and accuracy of Colombia's national accounts data. It can help policymakers and economists assess the quality of the country's economic statistics.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts information provided by the Colombian government.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to better understand the consistency and reliability of Colombia's GDP data, which is essential for making informed economic decisions.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with potential delays in the release of the most recent figures.
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Citation
U.S. Federal Reserve, Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Colombia (CSHRCPCOA156NRUG), retrieved from FRED.