Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Latvia
CSHRCPLVA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.09
Year-over-Year Change
100.51%
Date Range
1/1/1990 - 1/1/2019
Summary
The 'Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Latvia' measures the statistical difference between Latvia's reported trade and GDP data, providing insight into data quality 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
This metric represents the percentage difference between Latvia's reported trade flows and GDP, reflecting potential measurement issues or unrecorded economic activity. It is used by economists to assess the reliability of Latvia's national accounts data and understand potential sources of statistical discrepancy.
Methodology
The data is calculated by the World Bank using official sources.
Historical Context
Analysts and policymakers monitor this indicator to better interpret Latvia's economic performance and trade dynamics.
Key Facts
- The metric represents the statistical difference between reported trade and GDP data.
- High discrepancies may signal measurement issues or unrecorded economic activity.
- Latvia's trade-GDP discrepancy has fluctuated around 3% in recent years.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the statistical difference between Latvia's reported trade flows and GDP, reflecting potential measurement issues or unrecorded economic activity.
Q: Why is this trend relevant for users or analysts?
A: Analysts and policymakers monitor this metric to better interpret Latvia's economic performance and trade dynamics, as high discrepancies may signal data quality or measurement challenges.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using official sources.
Q: How is this trend used in economic policy?
A: This indicator provides insights into the reliability of Latvia's national accounts data, which is important for policymakers and analysts interpreting the country's economic and trade performance.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may be subject to revisions as measurement and reporting methods evolve.
Related Trends
Share of Gross Capital Formation at Current Purchasing Power Parities for Canada
CSHICPCAA156NRUG
Share of Merchandise Exports at Current Purchasing Power Parities for Uganda
CSHXCPUGA156NRUG
Share of Merchandise Exports at Current Purchasing Power Parities for Lao People's Democratic Republic
CSHXCPLAA156NRUG
Share of Merchandise Imports at Current Purchasing Power Parities for Mexico
CSHMCPMXA156NRUG
Share of Government Consumption at Current Purchasing Power Parities for Ethiopia
CSHGCPETA156NRUG
Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Taiwan Province of China
CSHRCPTWA156NRUG
Citation
U.S. Federal Reserve, Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Latvia (CSHRCPLVA156NRUG), retrieved from FRED.