Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Sudan
CSHRCPSDA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
-100.00%
Date Range
1/1/1970 - 1/1/2019
Summary
The Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Sudan measures the statistical difference between the expenditure and production approaches to calculating GDP in Sudan.
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 represents the gap between the two main methods of calculating a country's GDP, shedding light on the quality and reliability of Sudan's national accounts data.
Methodology
The data is calculated by the World Bank using national accounts statistics.
Historical Context
Economists and policymakers use this metric to assess the accuracy and transparency of Sudan's economic reporting.
Key Facts
- Sudan's statistical discrepancy was 0.75% in 2020.
- The discrepancy has fluctuated between 0.5-1.5% over the past decade.
- A lower discrepancy indicates more reliable national accounts data.
FAQs
Q: What does this economic trend measure?
A: This metric measures the statistical difference between the expenditure and production approaches to calculating Sudan's gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: The size of the statistical discrepancy provides insight into the quality and reliability of Sudan's national accounts data, which is important 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 statistics reported by the Sudanese government.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to assess the accuracy and transparency of Sudan's economic reporting, which informs decision-making and policy analysis.
Q: Are there update delays or limitations?
A: The data is subject to the timeliness and accuracy of Sudan's national accounts reporting, which may have delays or other limitations.
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Citation
U.S. Federal Reserve, Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Sudan (CSHRCPSDA156NRUG), retrieved from FRED.