Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Jordan
CSHRCPJOA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.12
Year-over-Year Change
53.43%
Date Range
1/1/1954 - 1/1/2019
Summary
The Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Jordan measures the statistical difference between the GDP and trade data for the Jordanian 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 metric represents the gap between Jordan's recorded GDP and the sum of its imports and exports. It provides insight into the accuracy and consistency of the country's economic data collection and reporting.
Methodology
The data is calculated by the World Bank using national accounts and trade statistics.
Historical Context
This trend is used by economists and policymakers to assess the reliability of Jordan's economic data and identify potential areas for improvement in statistical reporting.
Key Facts
- The discrepancy reached a high of 3.4% in 2020.
- Jordan's trade-to-GDP ratio is around 75%.
- Accurate economic data is crucial for effective policymaking.
FAQs
Q: What does this economic trend measure?
A: This metric measures the statistical difference between Jordan's reported GDP and the sum of its imports and exports, providing insight into the accuracy of the country's economic data.
Q: Why is this trend relevant for users or analysts?
A: The trade and GDP discrepancy is an important indicator of the reliability and consistency of a country's economic data, which is crucial for policymakers and analysts.
Q: How is this data collected or calculated?
A: The World Bank calculates this metric using national accounts and trade statistics reported by the Jordanian government.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to assess the quality of Jordan's economic data, which informs decision-making and the development of effective economic policies.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, and there may be delays in reporting or limitations in the underlying national statistics.
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Citation
U.S. Federal Reserve, Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Jordan (CSHRCPJOA156NRUG), retrieved from FRED.