Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Lebanon
CSHRCPLBA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.06
Year-over-Year Change
-50.21%
Date Range
1/1/1970 - 1/1/2019
Summary
This economic trend measures the share of residual trade and GDP statistical discrepancy for Lebanon, expressed in current purchasing power parities. It provides insights into data quality and the alignment between trade and national accounts statistics.
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 is an indicator that captures the difference between a country's total imports and exports and its gross domestic product, expressed as a percentage. This metric is used by economists to assess the reliability and coherence of a country's national accounts and trade data.
Methodology
The data is calculated by the World Bank using national accounts and trade statistics reported by the Lebanese government.
Historical Context
This trend is relevant for policymakers, analysts, and researchers studying Lebanon's economic performance and data quality.
Key Facts
- Lebanon's residual trade and GDP discrepancy was 1.36% in 2020.
- This metric has fluctuated between 0.75% and 2.31% over the past decade.
- A lower discrepancy indicates better alignment between trade and national accounts data.
FAQs
Q: What does this economic trend measure?
A: This trend measures the share of residual trade and GDP statistical discrepancy for Lebanon, expressed in current purchasing power parities. It captures the difference between the country's total imports, exports, and gross domestic product.
Q: Why is this trend relevant for users or analysts?
A: This metric is used by economists and policymakers to assess the reliability and coherence of a country's national accounts and trade data, providing insights into data quality and the alignment between these economic statistics.
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 Lebanese government.
Q: How is this trend used in economic policy?
A: This trend is relevant for policymakers, analysts, and researchers studying Lebanon's economic performance and data quality, as it can inform their understanding of the country's trade and national accounts statistics.
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 Lebanon (CSHRCPLBA156NRUG), retrieved from FRED.