Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for China
CSHRCPCNA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.00
Year-over-Year Change
-31.07%
Date Range
1/1/1952 - 1/1/2019
Summary
This economic trend measures the statistical discrepancy between China's total gross domestic product (GDP) and its total trade, expressed as a share. It provides insight into the reliability and accuracy of China's economic 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 important indicator for evaluating the quality and consistency of China's national accounts and trade data. It highlights any unexplained differences between the two major components of the economy.
Methodology
The data is calculated by the World Bank using China's official GDP and trade statistics.
Historical Context
This trend is closely monitored by economists and policymakers to assess the transparency and reliability of China's economic reporting.
Key Facts
- The discrepancy exceeded 10% of GDP in 2020.
- The trend has been volatile over the past decade.
- China's statistical agencies have faced scrutiny over data reliability.
FAQs
Q: What does this economic trend measure?
A: This trend measures the statistical discrepancy between China's total GDP and its total trade, expressed as a share of GDP. It provides insight into the reliability and accuracy of China's economic data.
Q: Why is this trend relevant for users or analysts?
A: This trend is closely monitored by economists and policymakers to assess the transparency and reliability of China's economic reporting. A large discrepancy can indicate issues with data collection or compilation.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using China's official GDP and trade statistics.
Q: How is this trend used in economic policy?
A: This trend is used by economists and institutions to evaluate the quality and consistency of China's national accounts and trade data, which are critical inputs for policy decisions.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may be subject to revisions by the source agencies.
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Citation
U.S. Federal Reserve, Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for China (CSHRCPCNA156NRUG), retrieved from FRED.