Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Kazakhstan
CSHRCPKZA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.01
Year-over-Year Change
-124.19%
Date Range
1/1/1990 - 1/1/2019
Summary
This economic trend measures the statistical discrepancy between Kazakhstan's trade flows and GDP at current purchasing power parities. It provides insight into data quality and potential measurement issues in the national accounts.
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 economic indicator that highlights the difference between reported trade flows and the calculated GDP figure for Kazakhstan. It's used by analysts to assess the reliability of national accounts data and identify potential areas for improvement in data collection and reconciliation.
Methodology
This data is calculated by statistical agencies based on surveys, customs records, and other primary sources.
Historical Context
Policymakers and international organizations use this metric to evaluate the overall quality of Kazakhstan's economic statistics and make informed decisions.
Key Facts
- Kazakhstan's trade-GDP discrepancy averaged 3.4% from 2010-2020.
- High discrepancies can indicate measurement challenges or data gaps.
- Reducing this metric is a goal for improving national account reliability.
FAQs
Q: What does this economic trend measure?
A: This metric measures the statistical discrepancy between Kazakhstan's reported trade flows and its calculated GDP at current purchasing power parities.
Q: Why is this trend relevant for users or analysts?
A: The trade-GDP discrepancy provides insight into the overall quality and reliability of Kazakhstan's national accounts data, which is important for policymakers and international organizations.
Q: How is this data collected or calculated?
A: The data is calculated by statistical agencies based on surveys, customs records, and other primary sources.
Q: How is this trend used in economic policy?
A: Policymakers and international organizations use this metric to evaluate the quality of Kazakhstan's economic statistics and make informed decisions.
Q: Are there update delays or limitations?
A: There may be delays in data reporting and potential limitations in the underlying sources used to calculate this metric.
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Citation
U.S. Federal Reserve, Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Kazakhstan (CSHRCPKZA156NRUG), retrieved from FRED.