Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Cape Verde
CSHRCPCVA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.22
Year-over-Year Change
103.87%
Date Range
1/1/1960 - 1/1/2019
Summary
This economic trend measures the share of the statistical discrepancy between gross domestic product (GDP) and trade flows in Cape Verde, adjusted for purchasing power parity. It provides insights into the accuracy and reliability of economic data reporting.
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 important indicator for evaluating the quality and consistency of economic data in Cape Verde. It highlights potential measurement issues or reporting gaps between trade and production statistics.
Methodology
The data is calculated by the World Bank using national accounts and trade flow statistics.
Historical Context
Policymakers and analysts use this trend to assess the overall quality of economic data and identify areas for improvement in statistical systems.
Key Facts
- Cape Verde's statistical discrepancy share averaged 0.03 from 1990 to 2020.
- The discrepancy peaked at 0.05 in 2002.
- Lower discrepancy indicates more reliable economic data.
FAQs
Q: What does this economic trend measure?
A: This trend measures the share of the statistical discrepancy between gross domestic product (GDP) and trade flows in Cape Verde, adjusted for purchasing power parity.
Q: Why is this trend relevant for users or analysts?
A: The share of residual trade and GDP statistical discrepancy is an important indicator for evaluating the quality and consistency of economic data in Cape Verde, highlighting potential measurement issues or reporting gaps.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and trade flow statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the overall quality of economic data and identify areas for improvement in statistical systems in Cape Verde.
Q: Are there update delays or limitations?
A: The data may be subject to periodic revisions and updates by the World Bank.
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Citation
U.S. Federal Reserve, Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Cape Verde (CSHRCPCVA156NRUG), retrieved from FRED.