Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Maldives
CSHRCPMVA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.40
Year-over-Year Change
-39.85%
Date Range
1/1/1970 - 1/1/2019
Summary
The 'Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Maldives' measures the statistical difference between a country's reported gross domestic product (GDP) and its reported imports and exports. This metric is important for economists and policymakers to understand data quality and reliability.
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 series represents the share of the statistical discrepancy between a country's GDP and its total trade flows, expressed as a percentage. It provides insight into the quality and accuracy of a country's national accounts data, which is crucial for economic analysis and policymaking.
Methodology
The data is calculated by the World Bank using national accounts and trade statistics reported by the Maldivian government.
Historical Context
Analysts use this metric to assess the reliability of a country's economic data, which informs policy decisions and market assessments.
Key Facts
- The Maldives has a relatively high trade discrepancy compared to other countries.
- The trade discrepancy has remained relatively stable over the past decade.
- Reliable economic data is crucial for policymakers in small island nations like the Maldives.
FAQs
Q: What does this economic trend measure?
A: This trend measures the statistical discrepancy between a country's reported gross domestic product (GDP) and its reported imports and exports, expressed as a percentage of GDP.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the quality and reliability of a country's national accounts data, 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 Maldivian government.
Q: How is this trend used in economic policy?
A: Analysts use this metric to assess the reliability of a country's economic data, which informs policy decisions and market assessments.
Q: Are there update delays or limitations?
A: The data is subject to the timeliness and accuracy of the Maldivian government's reporting of national accounts and trade statistics.
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Citation
U.S. Federal Reserve, Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Maldives (CSHRCPMVA156NRUG), retrieved from FRED.