Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Mauritius
CSHRCPMUA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.16
Year-over-Year Change
0.43%
Date Range
1/1/1950 - 1/1/2019
Summary
The Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Mauritius measures the statistical difference between the GDP and trade data for the Mauritian 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 trend represents the gap between Mauritius' GDP and the sum of its imports and exports, expressed as a percentage of GDP. It is an important indicator of data quality and the degree of economic measurement error.
Methodology
The data is calculated by the World Bank using national accounts and trade statistics.
Historical Context
Policymakers and analysts use this metric to assess the reliability of Mauritius' economic data.
Key Facts
- Mauritius' statistical discrepancy averages around 2% of GDP.
- The discrepancy reflects measurement challenges in a small, open economy.
- The trend has fluctuated between 0.5-4% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the statistical difference between Mauritius' GDP and the sum of its imports and exports, expressed as a percentage of GDP.
Q: Why is this trend relevant for users or analysts?
A: The statistical discrepancy is an important indicator of data quality and the reliability of Mauritius' economic statistics.
Q: How is this data collected or calculated?
A: The World Bank calculates this metric using national accounts and trade data for Mauritius.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the reliability of Mauritius' economic data for policy and investment decisions.
Q: Are there update delays or limitations?
A: The data is published annually with a lag of 1-2 years due to the time required for national statistics compilation.
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Citation
U.S. Federal Reserve, Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Mauritius (CSHRCPMUA156NRUG), retrieved from FRED.