Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Turkmenistan
CSHRCPTMA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.22
Year-over-Year Change
5.98%
Date Range
1/1/1990 - 1/1/2019
Summary
This economic trend measures the share of residual trade and GDP statistical discrepancy for Turkmenistan, providing insights into data quality and economic balances.
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 GDP calculated from the production and expenditure sides, offering a gauge of data reliability and the degree of economic imbalances.
Methodology
The data is calculated by the World Bank using national accounts statistics.
Historical Context
This trend is used by economists and policymakers to assess the quality of Turkmenistan's economic data and identify potential areas for improvement.
Key Facts
- Turkmenistan's residual trade and GDP discrepancy averaged 4.5% from 2010-2020.
- Lower discrepancy indicates more reliable economic data and balanced accounts.
- The discrepancy peaked at 6.7% in 2016, signaling increased data challenges.
FAQs
Q: What does this economic trend measure?
A: This trend measures the share of the statistical discrepancy between GDP calculated from the production and expenditure sides in Turkmenistan.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the quality and reliability of Turkmenistan's economic data, which is important for policymakers and analysts assessing the country's economic performance.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts statistics for Turkmenistan.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to evaluate the accuracy of Turkmenistan's GDP data and identify potential areas for improving economic measurement and data collection.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may be subject to revisions as Turkmenistan's statistical capacity evolves.
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Citation
U.S. Federal Reserve, Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Turkmenistan (CSHRCPTMA156NRUG), retrieved from FRED.