Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Turkey
CSHRCPTRA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.07
Year-over-Year Change
28.99%
Date Range
1/1/1950 - 1/1/2019
Summary
This economic trend measures the share of residual trade and GDP statistical discrepancy for Turkey, which is an important indicator of data quality and economic accounting.
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 expenditure side and the production side. This discrepancy can provide insights into the accuracy and reliability of national accounts data.
Methodology
The data is calculated by national statistical agencies based on surveys and economic accounts.
Historical Context
This trend is used by economists and policymakers to assess the quality of Turkey's economic data and monitor potential measurement issues.
Key Facts
- Turkey's residual trade and GDP discrepancy averaged 1.2% from 2010-2020.
- The discrepancy peaked at 2.3% in 2016, indicating potential data quality issues that year.
- Reducing statistical discrepancies is a key goal for improving national accounts reliability.
FAQs
Q: What does this economic trend measure?
A: This trend measures the difference between GDP calculated from the expenditure and production sides, known as the residual trade and GDP statistical discrepancy for Turkey.
Q: Why is this trend relevant for users or analysts?
A: The size of this discrepancy is an important indicator of the quality and reliability of Turkey's national accounts data, which is crucial for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is calculated by Turkey's national statistical agency based on surveys and economic accounts.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to assess the accuracy of Turkey's GDP data and identify potential measurement issues that could impact economic interpretation and decision-making.
Q: Are there update delays or limitations?
A: There may be delays in publishing this data due to the time required for national accounts compilation, and the discrepancy can vary year-to-year based on data collection and estimation challenges.
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Citation
U.S. Federal Reserve, Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Turkey (CSHRCPTRA156NRUG), retrieved from FRED.