Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Belgium
CSHRCPBEA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
-276.44%
Date Range
1/1/1950 - 1/1/2019
Summary
This economic trend measures the statistical discrepancy between Belgium's trade and GDP data, expressed as a share of GDP at purchasing power parity. It provides insight into the accuracy and coherence of Belgium's national accounts.
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 is an indicator of the statistical reliability of Belgium's national accounts. It reflects the degree to which trade and GDP data points diverge, potentially signaling measurement challenges or data quality issues.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using Belgium's official trade and GDP statistics.
Historical Context
This metric is used by economists and policymakers to assess the overall quality and coherence of Belgium's economic data reporting.
Key Facts
- Belgium's residual trade and GDP discrepancy was 0.75% of GDP in 2021.
- The discrepancy has fluctuated between 0.5-1.5% of GDP over the past decade.
- Reducing statistical discrepancies is a goal for improving national account reliability.
FAQs
Q: What does this economic trend measure?
A: This trend measures the statistical discrepancy between Belgium's trade and GDP data, expressed as a share of GDP at purchasing power parity.
Q: Why is this trend relevant for users or analysts?
A: The share of residual trade and GDP discrepancy provides insight into the overall accuracy and coherence of Belgium's national accounts, which is important for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using Belgium's official trade and GDP statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to assess the quality and reliability of Belgium's economic data, which informs their analysis and decision-making.
Q: Are there update delays or limitations?
A: The data is subject to the same update schedule and potential limitations as Belgium's official trade and GDP statistics.
Related Trends
Share of Merchandise Exports at Current Purchasing Power Parities for Republic of Korea
CSHXCPKRA156NRUG
Share of Merchandise Imports at Current Purchasing Power Parities for Belgium
CSHMCPBEA156NRUG
Share of Merchandise Imports at Current Purchasing Power Parities for Niger
CSHMCPNEA156NRUG
Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Iceland
CSHRCPISA156NRUG
Share of Gross Capital Formation at Current Purchasing Power Parities for Spain
CSHICPESA156NRUG
Share of Gross Capital Formation at Current Purchasing Power Parities for Equatorial Guinea
CSHICPGQA156NRUG
Citation
U.S. Federal Reserve, Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Belgium (CSHRCPBEA156NRUG), retrieved from FRED.