Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Cyprus
CSHRCPCYA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.23
Year-over-Year Change
-11.00%
Date Range
1/1/1950 - 1/1/2019
Summary
This economic trend measures the share of residual trade and GDP statistical discrepancy for Cyprus, expressed in current purchasing power parities. It provides insights into the accuracy and reliability 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 represents the difference between GDP measured by expenditure and GDP measured by production or income. This metric is used by economists and policymakers to assess the quality and consistency of a country's national accounts data.
Methodology
The data is calculated by the World Bank using underlying national accounts information.
Historical Context
This trend is relevant for understanding the overall coherence and reliability of Cyprus's economic statistics.
Key Facts
- Cyprus's residual trade and GDP discrepancy was 1.4% in 2020.
- This metric has remained relatively stable over the past decade.
- Discrepancies in national accounts data can indicate statistical challenges.
FAQs
Q: What does this economic trend measure?
A: This trend measures the share of the difference between GDP measured by expenditure and GDP measured by production or income for Cyprus, expressed in current purchasing power parities.
Q: Why is this trend relevant for users or analysts?
A: This metric is used by economists and policymakers to assess the quality and consistency of a country's national accounts data, which is crucial for economic analysis and decision-making.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using underlying national accounts information.
Q: How is this trend used in economic policy?
A: This trend is relevant for understanding the overall coherence and reliability of Cyprus's economic statistics, which informs policymakers and analysts in their interpretation of the country's economic performance and development.
Q: Are there update delays or limitations?
A: The data is updated annually, and there may be some delays in the availability 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 Cyprus (CSHRCPCYA156NRUG), retrieved from FRED.