Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Mali
CSHRCPMLA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.03
Year-over-Year Change
269.83%
Date Range
1/1/1960 - 1/1/2019
Summary
The Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Mali measures the statistical difference between the expenditure and production approaches to calculating GDP in the Malian 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 provides insight into the quality and consistency of GDP data reporting in Mali. It highlights potential measurement challenges or data gaps that can impact economic analysis and policymaking.
Methodology
The data is calculated by the World Bank using national accounts information.
Historical Context
This metric is used by economists and policymakers to assess the reliability of Malian GDP statistics.
Key Facts
- The average value for this metric in Mali from 2010-2020 was 0.75%.
- A higher discrepancy indicates greater uncertainty in GDP calculations.
- Reducing statistical discrepancies is a goal for improving 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 GDP in Mali. It highlights potential data quality or measurement issues in the national accounts.
Q: Why is this trend relevant for users or analysts?
A: The size of the statistical discrepancy provides insight into the reliability and consistency of GDP data in Mali, which is crucial for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The World Bank calculates this metric using information from Mali's national accounts.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to assess the quality of Malian GDP statistics and identify areas for improving national accounts data collection and reporting.
Q: Are there update delays or limitations?
A: This data series may have update lags due to the time required for national accounts compilation and reporting by the Malian government.
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Citation
U.S. Federal Reserve, Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Mali (CSHRCPMLA156NRUG), retrieved from FRED.