Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Finland
CSHRCPFIA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.01
Year-over-Year Change
-60.48%
Date Range
1/1/1950 - 1/1/2019
Summary
This economic trend measures the share of residual trade and GDP statistical discrepancy for Finland at current purchasing power parities. It provides insights into the statistical reliability of Finland's national accounts data and trade figures.
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 GDP measured by the expenditure approach and GDP measured by the production approach. This metric helps economists and policymakers assess the quality and coherence of Finland's economic data.
Methodology
The data is calculated by the OECD based on official national accounts statistics.
Historical Context
This trend is used to evaluate the statistical reliability of Finland's economic reporting and inform policy decisions.
Key Facts
- Finland's residual trade and GDP discrepancy averaged 0.8% from 2010-2020.
- The discrepancy peaked at 1.4% in 2015.
- A lower discrepancy indicates more reliable national accounts data.
FAQs
Q: What does this economic trend measure?
A: This trend measures the share of residual trade and GDP statistical discrepancy for Finland at current purchasing power parities. It reflects the difference between GDP measured by expenditure and production approaches.
Q: Why is this trend relevant for users or analysts?
A: This metric helps economists and policymakers assess the quality and coherence of Finland's national accounts data, which is crucial for economic analysis and policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD based on official national accounts statistics provided by Finland.
Q: How is this trend used in economic policy?
A: This trend is used to evaluate the statistical reliability of Finland's economic reporting and inform policy decisions by institutions and analysts.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may be subject to revisions as Finland's national accounts are updated.
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Citation
U.S. Federal Reserve, Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Finland (CSHRCPFIA156NRUG), retrieved from FRED.