Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Luxembourg
CSHRCPLUA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.47
Year-over-Year Change
4.31%
Date Range
1/1/1950 - 1/1/2019
Summary
This economic trend measures the share of the residual trade and GDP statistical discrepancy for Luxembourg at current purchasing power parities. It provides insights into the statistical accuracy of Luxembourg's trade and GDP 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 is an indicator that captures the difference between Luxembourg's total exports and imports, and its gross domestic product. This metric is used by economists to assess the statistical coherence of Luxembourg's national accounts data.
Methodology
The data is calculated by the U.S. Federal Reserve using official trade and GDP figures reported by Luxembourg.
Historical Context
This trend is relevant for analyzing the reliability of Luxembourg's economic data and informing policy decisions.
Key Facts
- Luxembourg's trade and GDP data can have statistical discrepancies.
- The share of this discrepancy provides a measure of data reliability.
- This metric is used to assess the coherence of Luxembourg's national accounts.
FAQs
Q: What does this economic trend measure?
A: This trend measures the share of the residual difference between Luxembourg's total exports and imports, and its reported gross domestic product. It indicates the statistical discrepancy in Luxembourg's national accounts data.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the reliability and coherence of Luxembourg's economic data, which is important for policymakers and analysts assessing the country's economic performance.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve using official trade and GDP figures reported by the government of Luxembourg.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to evaluate the statistical accuracy of Luxembourg's national accounts data, which informs economic policy decisions and market analysis.
Q: Are there update delays or limitations?
A: The data may be subject to occasional revisions or delays due to the time required to compile and reconcile Luxembourg's trade and GDP statistics.
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Citation
U.S. Federal Reserve, Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Luxembourg (CSHRCPLUA156NRUG), retrieved from FRED.