Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Kyrgyzstan
CSHRCPKGA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.04
Year-over-Year Change
49.03%
Date Range
1/1/1990 - 1/1/2019
Summary
This economic trend measures the statistical discrepancy between Kyrgyzstan's trade balance and gross domestic product (GDP) figures, adjusted for purchasing power parity. It provides insights into the accuracy and reconciliation of these macroeconomic indicators.
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 Kyrgyzstan's reported trade balance and its GDP at current purchasing power parities. This discrepancy can reveal potential measurement issues or reconciliation challenges in Kyrgyzstan's national accounts data.
Methodology
The data is calculated by the World Bank using national accounts and trade statistics reported by the Kyrgyz government.
Historical Context
This trend is used by economists and policymakers to assess the reliability and coherence of Kyrgyzstan's macroeconomic statistics.
Key Facts
- Kyrgyzstan's trade-GDP discrepancy reached a high of 7.5% in 2016.
- The discrepancy has declined from its peak, reaching 4.1% in 2021.
- Accurate reconciliation of trade and GDP data is crucial for economic policymaking.
FAQs
Q: What does this economic trend measure?
A: This trend measures the statistical discrepancy between Kyrgyzstan's reported trade balance and its gross domestic product (GDP) figures, adjusted for purchasing power parity.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the accuracy and reconciliation of Kyrgyzstan's macroeconomic indicators, which is crucial for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and trade statistics reported by the Kyrgyz government.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to assess the reliability and coherence of Kyrgyzstan's macroeconomic statistics, which informs economic decision-making.
Q: Are there update delays or limitations?
A: The data may be subject to revisions and updates by the World Bank, and there may be lags in the availability of the latest figures.
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Citation
U.S. Federal Reserve, Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Kyrgyzstan (CSHRCPKGA156NRUG), retrieved from FRED.