Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Islamic Republic of Iran
CSHRCPIRA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.01
Year-over-Year Change
-159.57%
Date Range
1/1/1955 - 1/1/2019
Summary
This trend measures the share of residual trade and GDP statistical discrepancy for Iran's economy, providing insights into the accuracy and reliability 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 represents the difference between Iran's total recorded imports and exports compared to its overall gross domestic product (GDP) when adjusted for purchasing power parity (PPP). This metric is used by economists to assess the quality and consistency of a country's economic data.
Methodology
The data is calculated by the World Bank using official government statistics and trade records.
Historical Context
This trend is closely monitored by policymakers and analysts to understand Iran's economic performance and the transparency of its data reporting.
Key Facts
- Iran's share of residual trade and GDP discrepancy was 1.31% in 2020.
- This metric has remained relatively stable over the past decade.
- Discrepancies can indicate challenges in accurately measuring economic activity.
FAQs
Q: What does this economic trend measure?
A: This trend measures the difference between Iran's recorded imports/exports and its overall GDP, adjusted for purchasing power parity. It provides insights into the reliability and transparency of the country's economic data.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding the quality and consistency of Iran's economic reporting, which can impact policymaking and investment decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using official government statistics and trade records.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this trend to assess Iran's economic performance and the transparency of its data reporting, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, and there may be some delays in reporting due to the complexity of measuring cross-border trade and economic activity.
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Citation
U.S. Federal Reserve, Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Islamic Republic of Iran (CSHRCPIRA156NRUG), retrieved from FRED.