Real Statistical Discrepancy for Australia
NSDGDPRSAXDCAUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
818.00
Year-over-Year Change
-286.76%
Date Range
7/1/1959 - 1/1/2025
Summary
The Real Statistical Discrepancy for Australia measures the difference between the expenditure and income sides of the national accounts, providing insight into the overall consistency of economic data.
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 Real Statistical Discrepancy captures the statistical variance between the expenditure and income approaches to calculating gross domestic product. It is an important indicator of data quality and national accounts reliability.
Methodology
The Reserve Bank of Australia compiles this metric based on official government statistics.
Historical Context
Economists and policymakers monitor this trend to assess the integrity of Australia's economic data.
Key Facts
- The discrepancy averaged 0.3% of GDP from 1960-2022.
- A larger discrepancy signals potential measurement issues.
- The metric helps identify data gaps or inconsistencies.
FAQs
Q: What does this economic trend measure?
A: The Real Statistical Discrepancy for Australia measures the difference between the expenditure and income approaches to calculating gross domestic product.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the overall consistency and quality of Australia's economic data, which is crucial for accurate policy analysis and decision-making.
Q: How is this data collected or calculated?
A: The Reserve Bank of Australia compiles this metric based on official government statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor the Real Statistical Discrepancy to assess the integrity of Australia's national accounts and economic data.
Q: Are there update delays or limitations?
A: This data is published quarterly with the same release schedule as Australia's GDP figures.
Related Trends
Financial System Deposits to GDP for Australia
DDDI08AUA156NWDB
Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Electricity, Gas and Other Fuels: Total for Australia
AUSCP040500GPQ
Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Construction for Australia
PRCNTO01AUA661N
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Energy for Australia
CPGREN01AUA659N
Infra-Annual Labor Statistics: Employees Total for Australia
LFESEETTAUM647S
Work Started: Construction: Dwellings and Residential Buildings: Total for Australia
WSCNDW01AUQ189N
Citation
U.S. Federal Reserve, Real Statistical Discrepancy for Australia (NSDGDPRSAXDCAUQ), retrieved from FRED.