Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Brunei Darussalam
CSHRCPBNA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.08
Year-over-Year Change
-35.20%
Date Range
1/1/1970 - 1/1/2019
Summary
This economic indicator measures the share of residual trade and GDP statistical discrepancy for Brunei Darussalam, providing insights into the accuracy of the country'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 represents the difference between Brunei Darussalam's total exports and imports, adjusted for current purchasing power parities. This metric is used by economists to assess the quality and reliability of the country's GDP and trade statistics.
Methodology
The data is calculated by the World Bank using national accounts and trade data.
Historical Context
Policymakers and analysts use this indicator to better understand Brunei Darussalam's economic performance and data reliability.
Key Facts
- Brunei Darussalam's share of residual trade and GDP discrepancy was 0.00% in 2020.
- This indicator has remained below 1% since 2010, suggesting high-quality national accounts data.
- The statistical discrepancy reflects differences between GDP calculated from the production, expenditure, and income approaches.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the share of residual trade and statistical discrepancy in Brunei Darussalam's GDP, providing insights into the accuracy and reliability of the country's national accounts data.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for economists and policymakers to assess the quality and trustworthiness of Brunei Darussalam's economic data, which is critical for informed decision-making.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and trade data for Brunei Darussalam.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to better understand Brunei Darussalam's economic performance and the reliability of its official statistics, which informs policy decisions and economic forecasting.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may be subject to revisions as Brunei Darussalam updates its national accounts and trade statistics.
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Citation
U.S. Federal Reserve, Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Brunei Darussalam (CSHRCPBNA156NRUG), retrieved from FRED.