Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for United States
CSHRCPUSA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.01
Year-over-Year Change
48.95%
Date Range
1/1/1950 - 1/1/2019
Summary
The 'Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for United States' measures the statistical discrepancy between total expenditure-based GDP and total income-based GDP, expressed as a percentage of GDP.
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 trend represents the gap between the expenditure-side and income-side estimates of GDP, which can arise due to measurement challenges and data limitations. Economists monitor this discrepancy as an indicator of the overall accuracy and reliability of national accounts data.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on national income and product accounts.
Historical Context
This metric is used by policymakers and analysts to assess the quality of GDP measurement and identify areas for statistical improvement.
Key Facts
- The statistical discrepancy has averaged around 0.3% of GDP in recent years.
- The discrepancy tends to be larger during periods of economic volatility.
- Reducing the statistical discrepancy is a goal for improving national accounts reliability.
FAQs
Q: What does this economic trend measure?
A: This trend measures the statistical discrepancy between the expenditure-side and income-side estimates of GDP, expressed as a percentage of GDP.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for assessing the overall accuracy and reliability of national accounts data, which is crucial for economic policymaking and analysis.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on national income and product accounts.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to identify areas for statistical improvement and to better understand the quality of GDP measurement.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis by the Bureau of Economic Analysis, with typical lags of 1-2 months.
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Citation
U.S. Federal Reserve, Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for United States (CSHRCPUSA156NRUG), retrieved from FRED.