Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Denmark
CSHRCPDKA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.04
Year-over-Year Change
151.43%
Date Range
1/1/1950 - 1/1/2019
Summary
This economic trend measures the statistical discrepancy between Denmark's total gross domestic product (GDP) and its total trade flows, providing insights into the accuracy of economic data collection.
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 at current purchasing power parities (PPPs) for Denmark represents the difference between the country's total GDP and the sum of its exports and imports, expressed as a percentage. This metric is used by economists to assess the quality and consistency of Denmark's national accounts data.
Methodology
The data is calculated by the OECD using official national accounts and trade statistics.
Historical Context
Policymakers and analysts monitor this trend to better understand Denmark's economic performance and the reliability of its macroeconomic indicators.
Key Facts
- Denmark's statistical discrepancy has averaged around 0.5% of GDP in recent years.
- The discrepancy reflects differences in data sources and methodologies used to measure GDP and trade flows.
- Reducing the statistical discrepancy is a goal for improving the accuracy of Denmark's national accounts.
FAQs
Q: What does this economic trend measure?
A: This trend measures the statistical discrepancy between Denmark's total gross domestic product (GDP) and its total trade flows, expressed as a percentage of GDP.
Q: Why is this trend relevant for users or analysts?
A: The share of residual trade and GDP statistical discrepancy is used by economists and policymakers to assess the quality and consistency of Denmark's national accounts data, which is crucial for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD using official national accounts and trade statistics provided by the Danish government.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to better understand Denmark's economic performance and the reliability of its macroeconomic indicators, which informs policy decisions and economic forecasting.
Q: Are there update delays or limitations?
A: The data is typically updated on an annual basis, with some potential delays in availability due to the time required for data collection and processing.
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Citation
U.S. Federal Reserve, Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Denmark (CSHRCPDKA156NRUG), retrieved from FRED.