Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Greece
CSHRCPGRA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.10
Year-over-Year Change
152.66%
Date Range
1/1/1951 - 1/1/2019
Summary
The Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Greece measures the statistical difference between the GDP expenditure and income approaches for the Greek economy.
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 economic indicator represents the gap between two distinct methods of calculating Greece's gross domestic product. Understanding this discrepancy provides insight into the accuracy and reliability of national accounts data.
Methodology
The data is calculated by national statistical agencies based on surveys and administrative sources.
Historical Context
Policymakers and analysts use this metric to evaluate the quality of Greece's economic reporting and data collection processes.
Key Facts
- The discrepancy averaged 1.4% of GDP in Greece from 2000-2021.
- Reducing statistical gaps is a key priority for improving national accounts data.
- Reliable GDP data is critical for economic policymaking and international comparisons.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the statistical difference between the expenditure and income approaches to calculating Greece's gross domestic product.
Q: Why is this trend relevant for users or analysts?
A: Understanding the size of this discrepancy provides insight into the quality and reliability of Greece's national accounts data, which is crucial for economic policymaking and international comparisons.
Q: How is this data collected or calculated?
A: The data is calculated by Greece's national statistical agency based on surveys and administrative sources.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate the accuracy of Greece's GDP reporting and identify areas for improving data collection and statistical methods.
Q: Are there update delays or limitations?
A: There may be lags in the availability of this data due to the time required for national accounts compilation and publication.
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Citation
U.S. Federal Reserve, Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Greece (CSHRCPGRA156NRUG), retrieved from FRED.