Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Estonia
CSHRCPEEA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.01
Year-over-Year Change
-219.26%
Date Range
1/1/1990 - 1/1/2019
Summary
The Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Estonia measures the statistical difference between the expenditure and production approaches to calculating GDP. This metric is important for economists and policymakers to understand data quality and inconsistencies in national accounts.
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 series represents the statistical discrepancy between the expenditure and production approaches to calculating GDP for Estonia, expressed as a percentage of GDP. Economists use this metric to assess the overall reliability and coherence of a country's national accounts data.
Methodology
The data is calculated by the OECD based on official national accounts statistics reported by the Estonian government.
Historical Context
This indicator provides context for analysts interpreting Estonia's GDP and trade data.
Key Facts
- The discrepancy represents around 1% of Estonia's GDP.
- The indicator has fluctuated between 0.5-2% over the past decade.
- Statistical discrepancies are common in national accounts data.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the statistical difference between the expenditure and production approaches to calculating Estonia's GDP, expressed as a percentage of GDP.
Q: Why is this trend relevant for users or analysts?
A: This metric helps analysts assess the overall reliability and coherence of Estonia's national accounts data, which is important for accurately interpreting the country's economic performance.
Q: How is this data collected or calculated?
A: The OECD calculates this indicator based on official national accounts statistics reported by the Estonian government.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this indicator to provide context when analyzing Estonia's GDP and trade data, as it reflects inconsistencies in the country's national accounts.
Q: Are there update delays or limitations?
A: The data is updated annually, with a typical 1-2 year lag in availability. Users should be aware of this delay when interpreting the latest economic conditions.
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Citation
U.S. Federal Reserve, Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Estonia (CSHRCPEEA156NRUG), retrieved from FRED.