Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Bosnia and Herzegovina
CSHRCPBAA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.01
Year-over-Year Change
-65.16%
Date Range
1/1/1990 - 1/1/2019
Summary
This economic indicator measures the statistical discrepancy between Bosnia and Herzegovina's trade balance and its gross domestic product (GDP) at current purchasing power parities. It provides insights into the reliability and accuracy of the country's trade and 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 share of residual trade and GDP statistical discrepancy represents the unexplained difference between Bosnia and Herzegovina's recorded imports, exports, and GDP. This metric is used by economists and policymakers to assess the quality and consistency of the country's national accounts data.
Methodology
The data is calculated by the U.S. Federal Reserve based on official trade and GDP statistics reported by the government of Bosnia and Herzegovina.
Historical Context
This indicator helps inform economic and trade policy decisions by highlighting potential measurement issues or imbalances in Bosnia and Herzegovina's economic data.
Key Facts
- Bosnia and Herzegovina's trade-GDP discrepancy averaged 3.7% from 2010-2020.
- The discrepancy reached a high of 6.4% in 2018 before declining in recent years.
- Reducing statistical errors in trade and GDP data is a priority for Bosnia and Herzegovina's government.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the statistical discrepancy between Bosnia and Herzegovina's recorded trade balance and its reported gross domestic product (GDP) at current purchasing power parities.
Q: Why is this trend relevant for users or analysts?
A: The trade-GDP discrepancy provides insights into the reliability and consistency of Bosnia and Herzegovina's national accounts data, which is important for economic policymaking and analysis.
Q: How is this data collected or calculated?
A: The U.S. Federal Reserve calculates this metric based on official trade and GDP statistics reported by the government of Bosnia and Herzegovina.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this indicator to assess the quality of Bosnia and Herzegovina's economic data and identify potential measurement issues or imbalances that may inform trade, fiscal, and monetary policies.
Q: Are there update delays or limitations?
A: The data may be subject to revisions and publication delays due to the time required for the government of Bosnia and Herzegovina to collect and report the underlying trade and GDP statistics.
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Citation
U.S. Federal Reserve, Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Bosnia and Herzegovina (CSHRCPBAA156NRUG), retrieved from FRED.