Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Bulgaria
CSHRCPBGA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.10
Year-over-Year Change
37.86%
Date Range
1/1/1970 - 1/1/2019
Summary
This economic trend measures the statistical discrepancy between Bulgaria's trade and GDP data, adjusted for purchasing power parity. It provides insights into the accuracy and reliability of the country's macroeconomic 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 represents the difference between Bulgaria's recorded imports/exports and its reported gross domestic product, expressed as a percentage and adjusted for purchasing power parity. This metric is used by economists to assess the quality and coherence of the country's economic data.
Methodology
The data is calculated by the World Bank using official government sources.
Historical Context
Policymakers and analysts rely on this metric to evaluate the robustness of Bulgaria's macroeconomic statistics and identify potential areas for improvement.
Key Facts
- The metric ranges from 0 to 100 percent.
- Higher values indicate greater inconsistencies in Bulgaria's trade and GDP data.
- The trend has remained relatively stable in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the statistical discrepancy between Bulgaria's recorded trade flows and its reported gross domestic product, adjusted for purchasing power parity.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the accuracy and reliability of Bulgaria's macroeconomic data, which is crucial for policymakers and economists analyzing the country's economic performance.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using official government sources.
Q: How is this trend used in economic policy?
A: Policymakers and analysts rely on this metric to evaluate the robustness of Bulgaria's macroeconomic statistics and identify potential areas for improvement.
Q: Are there update delays or limitations?
A: The data is updated annually, and there may be delays in reporting from the source agencies.
Related Trends
Share of Household Consumption at Current Purchasing Power Parities for New Zealand
CSHCCPNZA156NRUG
Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Guinea-Bissau
CSHRCPGWA156NRUG
Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Norway
CSHRCPNOA156NRUG
Share of Merchandise Imports at Current Purchasing Power Parities for Macao
CSHMCPMOA156NRUG
Share of Gross Capital Formation at Current Purchasing Power Parities for Switzerland
CSHICPCHA156NRUG
Share of Gross Capital Formation at Current Purchasing Power Parities for Russian Federation
CSHICPRUA156NRUG
Citation
U.S. Federal Reserve, Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Bulgaria (CSHRCPBGA156NRUG), retrieved from FRED.