Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Serbia
CSHRCPRSA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.04
Year-over-Year Change
151.94%
Date Range
1/1/1990 - 1/1/2019
Summary
This economic trend measures the share of residual trade and GDP statistical discrepancy for Serbia at current purchasing power parities. It provides insights into the reliability and accuracy of national accounts data.
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 represents the difference between the total value of exports and imports and the total value of GDP. This metric is used by economists to assess the quality and consistency of a country's national accounts data.
Methodology
The data is calculated by the World Bank using official national accounts statistics.
Historical Context
This trend is relevant for policymakers and analysts assessing the overall state of the Serbian economy.
Key Facts
- The share of residual trade and GDP discrepancy for Serbia was 4.4% in 2021.
- This metric has remained relatively stable over the past decade.
- A lower discrepancy indicates more reliable 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 Serbia at current purchasing power parities. It reflects the difference between the total value of exports and imports and the total value of GDP.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for assessing the quality and consistency of a country's national accounts data, which is crucial for policymakers and economists analyzing the overall state of the Serbian economy.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using official national accounts statistics provided by the Serbian government.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to evaluate the reliability of Serbia's economic data, which informs decision-making and policy formulation.
Q: Are there update delays or limitations?
A: This data is updated annually by the World Bank, and there may be some delay in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Serbia (CSHRCPRSA156NRUG), retrieved from FRED.