Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Namibia
CSHRCPNAA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.03
Year-over-Year Change
-153.51%
Date Range
1/1/1960 - 1/1/2019
Summary
This economic trend measures the share of Namibia's residual trade and GDP statistical discrepancy at current purchasing power parities. It provides insights into the accuracy of Namibia's national accounts data and is relevant for economic analysts and policymakers.
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 a metric that captures the difference between Namibia's total gross domestic product (GDP) and the sum of its expenditure components. This can reveal potential data collection or measurement issues that impact the reliability of Namibia's national accounts.
Methodology
The data is calculated by the World Bank using Namibia's national accounts statistics.
Historical Context
This trend is used by economists and policymakers to assess the quality and coherence of Namibia's economic data.
Key Facts
- Namibia's statistical discrepancy was 0.75% of GDP in 2020.
- The discrepancy has declined from over 2% of GDP in the early 2000s.
- A lower discrepancy indicates higher quality and coherence of national accounts data.
FAQs
Q: What does this economic trend measure?
A: This trend measures the share of Namibia's residual trade and GDP statistical discrepancy at current purchasing power parities. It reflects the difference between Namibia's total GDP and the sum of its expenditure components.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for economic analysts and policymakers as it provides insights into the accuracy and reliability of Namibia's national accounts data, which is crucial for informed decision-making.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using Namibia's national accounts statistics.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to assess the quality and coherence of Namibia's economic data, which is essential for formulating effective economic policies and monitoring the country's economic performance.
Q: Are there update delays or limitations?
A: The data is subject to the availability and timeliness of Namibia's national accounts statistics, which may result in occasional update delays or limitations.
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Citation
U.S. Federal Reserve, Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Namibia (CSHRCPNAA156NRUG), retrieved from FRED.