Nominal Statistical Discrepancy for Russia
NSDGDPXDCRUA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,923,430.40
Year-over-Year Change
-780.21%
Date Range
1/1/1990 - 1/1/2024
Summary
The Nominal Statistical Discrepancy for Russia measures the difference between a country's gross domestic product (GDP) calculated from the expenditure and production sides. This key economic indicator provides insight into the accuracy of Russia's GDP 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 Nominal Statistical Discrepancy for Russia represents the gap between GDP as measured through spending on final goods and services versus the production-based calculation of GDP. This discrepancy can arise from data collection challenges or conceptual differences in measurement approaches.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using official Russian GDP statistics.
Historical Context
Economists and policymakers monitor this metric to assess the reliability of Russia's economic performance data.
Key Facts
- Russia's nominal statistical discrepancy averaged 2.8% of GDP from 2000-2020.
- Discrepancies can indicate data collection challenges or conceptual measurement issues.
- Monitoring this metric helps assess the accuracy of Russia's official economic data.
FAQs
Q: What does this economic trend measure?
A: The Nominal Statistical Discrepancy for Russia measures the difference between GDP calculated from the expenditure and production sides, providing insight into the reliability of Russia's GDP data.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for economists and policymakers to assess the accuracy and consistency of Russia's official economic performance data.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using official Russian GDP statistics.
Q: How is this trend used in economic policy?
A: Monitoring the nominal statistical discrepancy helps analysts and policymakers evaluate the reliability of Russia's GDP figures, which are crucial for assessing the country's economic health and making informed policy decisions.
Q: Are there update delays or limitations?
A: The data may be subject to revision and updates by the collecting agency over time.
Related Trends
Production: Industry: Total Industry Excluding Construction for Russia
RUSPRINTO01GPSAM
Gross Domestic Product for Russian Federation
MKTGDPRUA646NWDB
U.S. Exports of Goods by F.A.S. Basis to Russia
EXP4621
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics for Russia
RUSCP020000IXOBM
Balance of Payments: Services: Expenditure for Russia
RUSB6DBSE02STSAQ
Mutual Fund Assets to GDP for Russian Federation
DDDI07RUA156NWDB
Citation
U.S. Federal Reserve, Nominal Statistical Discrepancy for Russia (NSDGDPXDCRUA), retrieved from FRED.