Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Hungary
CSHRCPHUA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/1970 - 1/1/2019
Summary
This economic trend measures the difference between GDP calculated using the expenditure and income approaches in Hungary, expressed as a share of GDP. It provides insights into the quality of national accounts data and economic measurement.
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 indicator of the reliability and consistency of a country's national accounts data. It represents the difference between GDP calculated using the expenditure and income approaches, which should theoretically be equal.
Methodology
The data is calculated by statistical agencies based on primary economic data sources.
Historical Context
This metric is used by economists and policymakers to assess the quality of economic statistics and identify potential measurement issues.
Key Facts
- The discrepancy should ideally be close to zero.
- High discrepancies may indicate issues with data collection or compilation.
- The metric is published annually by statistical agencies.
FAQs
Q: What does this economic trend measure?
A: This trend measures the difference between GDP calculated using the expenditure and income approaches in Hungary, expressed as a share of GDP.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the quality and reliability of a country's national accounts data, which is important for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is calculated by statistical agencies based on primary economic data sources.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to assess the quality of economic statistics and identify potential measurement issues.
Q: Are there update delays or limitations?
A: The metric is published annually by statistical agencies, and may be subject to revisions or delays in data reporting.
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Citation
U.S. Federal Reserve, Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Hungary (CSHRCPHUA156NRUG), retrieved from FRED.