Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Sweden
CSHRCPSEA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.03
Year-over-Year Change
16.03%
Date Range
1/1/1950 - 1/1/2019
Summary
The Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Sweden measures the difference between a country's gross domestic product and its gross national income due to statistical adjustments. This data point is important for economists analyzing the accuracy of national accounts.
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 indicator represents the portion of Sweden's GDP that cannot be accounted for by the country's gross national income, usually due to measurement or estimation issues in international trade and investment flows. It is a useful metric for assessing the reliability and consistency of a nation's economic data.
Methodology
The data is calculated by statistical agencies based on national income and product account data.
Historical Context
Policymakers and analysts use this metric to gauge the quality of a country's economic statistics and identify potential areas for improvement.
Key Facts
- Sweden's residual trade and GDP discrepancy was 0.4% in 2021.
- This metric has remained relatively stable over the past decade.
- The discrepancy is influenced by measurement challenges in cross-border transactions.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the difference between Sweden's gross domestic product and its gross national income due to statistical discrepancies, usually related to international trade and investment flows.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for assessing the reliability and consistency of a country's economic data, which is crucial for policymakers and analysts interpreting national accounts.
Q: How is this data collected or calculated?
A: The data is calculated by statistical agencies based on national income and product account data.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to gauge the quality of a country's economic statistics and identify potential areas for improvement in data collection and estimation.
Q: Are there update delays or limitations?
A: The data is subject to the same update schedule and potential limitations as other national accounts statistics, which may include delays or revisions.
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Citation
U.S. Federal Reserve, Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Sweden (CSHRCPSEA156NRUG), retrieved from FRED.