Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Burundi
CSHRCPBIA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.01
Year-over-Year Change
371723.52%
Date Range
1/1/1960 - 1/1/2019
Summary
This economic trend measures the statistical discrepancy between Burundi's gross domestic product (GDP) and its total trade flows, adjusted for purchasing power parity. It provides insights into the quality and reliability of Burundi's 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 is an indicator that compares Burundi's total trade (imports plus exports) to its GDP, using purchasing power parity (PPP) exchange rates. This can reveal inconsistencies or measurement issues in the country's economic data reporting.
Methodology
The data is calculated by statistical agencies based on Burundi's reported GDP and trade figures.
Historical Context
Economists and policymakers use this metric to assess the quality of Burundi's national accounts and trade data.
Key Facts
- Burundi's trade-GDP discrepancy has exceeded 20% in recent years.
- High discrepancies can indicate issues with data collection or reconciliation.
- Burundi is a low-income country in East Africa.
FAQs
Q: What does this economic trend measure?
A: This trend measures the statistical discrepancy between Burundi's reported gross domestic product (GDP) and its total trade flows (imports plus exports), adjusted for purchasing power parity (PPP).
Q: Why is this trend relevant for users or analysts?
A: The trade-GDP discrepancy provides insights into the quality and reliability of Burundi's national accounts data, which is important for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is calculated by statistical agencies based on Burundi's reported GDP and trade figures.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to assess the quality of Burundi's national accounts and trade data, which informs their analysis and decision-making.
Q: Are there update delays or limitations?
A: There may be delays in reporting or revisions to Burundi's economic data, which can affect the timeliness and accuracy of this statistical discrepancy measure.
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Citation
U.S. Federal Reserve, Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Burundi (CSHRCPBIA156NRUG), retrieved from FRED.