Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Japan
CSHRCPJPA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.01
Year-over-Year Change
-486.15%
Date Range
1/1/1950 - 1/1/2019
Summary
This economic trend measures the statistical discrepancy between Japan's reported trade flows and GDP at purchasing power parity. It provides insight into the quality and consistency of Japan's economic data reporting.
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 difference between Japan's reported trade and GDP figures calculated using purchasing power parity. It highlights potential inconsistencies or measurement issues in the underlying economic data.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on official Japanese government statistics.
Historical Context
This metric is used by economists and policymakers to assess the reliability of Japan's macroeconomic data.
Key Facts
- The average discrepancy is around 2% of GDP.
- Discrepancies spiked during the 2008-2009 financial crisis.
- Smaller discrepancies indicate more consistent economic data reporting.
FAQs
Q: What does this economic trend measure?
A: This trend measures the statistical discrepancy between Japan's reported trade flows and GDP calculated using purchasing power parity.
Q: Why is this trend relevant for users or analysts?
A: The share of residual trade and GDP discrepancy provides insight into the quality and consistency of Japan's macroeconomic data, which is crucial for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on official Japanese government statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to assess the reliability of Japan's macroeconomic data, which informs policy decisions and economic forecasting.
Q: Are there update delays or limitations?
A: The data is published with a lag, but it provides a comprehensive view of the statistical discrepancy over time.
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Citation
U.S. Federal Reserve, Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Japan (CSHRCPJPA156NRUG), retrieved from FRED.