Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Hong Kong
CSHRCPHKA156NRUG • 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
The Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Hong Kong measures the statistical difference between imports and exports data and GDP calculations for the Hong Kong economy.
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 portion of Hong Kong's GDP that cannot be accounted for by trade data, reflecting potential measurement errors or methodological differences in data collection. Economists use this metric to assess the reliability of Hong Kong's national accounts.
Methodology
The data is calculated by the World Bank based on official government statistics.
Historical Context
Policymakers and analysts monitor this discrepancy to better understand Hong Kong's economic performance and trade dynamics.
Key Facts
- The discrepancy represents around 2% of Hong Kong's GDP.
- The gap has widened in recent years, raising questions about data quality.
- Reducing the statistical discrepancy is a priority for Hong Kong policymakers.
FAQs
Q: What does this economic trend measure?
A: This indicator represents the portion of Hong Kong's GDP that cannot be accounted for by trade data, reflecting potential measurement errors or methodological differences.
Q: Why is this trend relevant for users or analysts?
A: Economists use this metric to assess the reliability of Hong Kong's national accounts and better understand the economy's trade dynamics.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank based on official government statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this discrepancy to better understand Hong Kong's economic performance and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and the methodology may not fully capture all statistical discrepancies in Hong Kong's national accounts.
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Citation
U.S. Federal Reserve, Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Hong Kong (CSHRCPHKA156NRUG), retrieved from FRED.