Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Bhutan
CSHRCPBTA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.04
Year-over-Year Change
74.84%
Date Range
1/1/1970 - 1/1/2019
Summary
The Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Bhutan measures the statistical gap between Bhutan's reported GDP and its trade flows, providing insights into data quality and national accounting.
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
This indicator represents the difference between Bhutan's reported GDP and the sum of its imports and exports, expressed as a share of GDP. It is used by economists to assess the reliability and internal consistency of Bhutan's national accounts data.
Methodology
The data is calculated by the World Bank using official GDP and trade statistics reported by the Government of Bhutan.
Historical Context
Analysts and policymakers monitor this metric to identify potential issues with Bhutan's economic data collection and reporting.
Key Facts
- Bhutan's trade and GDP discrepancy averaged 4.5% of GDP from 2010-2020.
- High discrepancies can indicate problems with economic data collection.
- Monitoring this metric helps ensure the reliability of Bhutan's national accounts.
FAQs
Q: What does this economic trend measure?
A: This metric measures the statistical gap between Bhutan's reported GDP and its total imports and exports, expressed as a share of GDP.
Q: Why is this trend relevant for users or analysts?
A: Monitoring the trade-GDP discrepancy helps economists assess the reliability and internal consistency of Bhutan's national accounts data.
Q: How is this data collected or calculated?
A: The World Bank calculates this indicator using official GDP and trade statistics reported by the Government of Bhutan.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this metric to identify potential issues with Bhutan's economic data collection and reporting, which is crucial for sound policy decisions.
Q: Are there update delays or limitations?
A: This indicator is published annually by the World Bank with a lag of approximately one year.
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Citation
U.S. Federal Reserve, Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Bhutan (CSHRCPBTA156NRUG), retrieved from FRED.