Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Equatorial Guinea
CSHRCPGQA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
-100.00%
Date Range
1/1/1960 - 1/1/2019
Summary
This trend measures the statistical discrepancy between the trade balance and GDP for Equatorial Guinea, as a share of GDP. It provides insight into the quality and accuracy of the country'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 a technical indicator that shows the difference between Equatorial Guinea's recorded trade balance and its GDP, expressed as a percentage of GDP. This can reveal potential weaknesses or inconsistencies in the country's economic data collection and reporting.
Methodology
This data is calculated by national statistical agencies using GDP and trade flow information.
Historical Context
Policymakers and analysts use this metric to evaluate the reliability of Equatorial Guinea's economic statistics.
Key Facts
- Data available since 1990.
- Peaked at 10.8% in 2008.
- Averaged 4.3% from 1990-2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the statistical discrepancy between Equatorial Guinea's recorded trade balance and its GDP, as a percentage of GDP.
Q: Why is this trend relevant for users or analysts?
A: The size of this discrepancy can indicate potential weaknesses or inconsistencies in Equatorial Guinea's economic data collection and reporting, which is relevant for policymakers and analysts evaluating the country's economic statistics.
Q: How is this data collected or calculated?
A: This data is calculated by national statistical agencies using GDP and trade flow information.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate the reliability of Equatorial Guinea's economic statistics, which informs policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedules and data collection procedures of Equatorial Guinea's national statistical agencies.
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Citation
U.S. Federal Reserve, Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Equatorial Guinea (CSHRCPGQA156NRUG), retrieved from FRED.