Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Armenia
CSHRCPAMA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.04
Year-over-Year Change
31.91%
Date Range
1/1/1990 - 1/1/2019
Summary
This statistic measures the residual trade and GDP statistical discrepancy for Armenia, providing insights into the reliability of national accounts 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 share of residual trade and GDP statistical discrepancy at current purchasing power parities (PPPs) is an indicator that reflects the degree of statistical uncertainty in Armenia's national accounts. It can signal potential data quality issues or gaps in measurement.
Methodology
The data is calculated by the World Bank based on official national accounts statistics.
Historical Context
Economists and policymakers use this indicator to evaluate the overall coherence and reliability of Armenia's economic data.
Key Facts
- The indicator ranges from 0 to 100 percent.
- Higher values suggest greater uncertainty in Armenia's national accounts data.
- The discrepancy can arise from measurement errors or gaps in data collection.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the residual trade and GDP statistical discrepancy for Armenia, reflecting the degree of uncertainty in the country's national accounts data.
Q: Why is this trend relevant for users or analysts?
A: The share of residual trade and GDP discrepancy is an important metric for evaluating the overall coherence and reliability of Armenia's economic data, which is crucial for policymakers and analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank based on official national accounts statistics from Armenia.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this indicator to assess the quality and reliability of Armenia's economic data, which informs decision-making and policy implementation.
Q: Are there update delays or limitations?
A: The data may be subject to periodic updates and revisions by the World Bank, and there can be lags in data availability.
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Citation
U.S. Federal Reserve, Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Armenia (CSHRCPAMA156NRUG), retrieved from FRED.