Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Montenegro
CSHRCPMEA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.25
Year-over-Year Change
40.08%
Date Range
1/1/1990 - 1/1/2019
Summary
This economic trend measures the share of the statistical discrepancy between Montenegro's total recorded trade and its gross domestic product (GDP) at current purchasing power parities. It provides insight into data quality and national accounting accuracy.
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 degree to which Montenegro's recorded trade and GDP estimates fail to align. It highlights potential issues with data collection or compilation that complicate economic analysis and policymaking.
Methodology
The data is calculated by the World Bank as a ratio between the statistical discrepancy and Montenegro's GDP.
Historical Context
Economists and policymakers use this metric to assess the reliability of Montenegro's macroeconomic data.
Key Facts
- The statistical discrepancy can indicate data collection or compilation issues.
- A lower discrepancy suggests more reliable national accounts data.
- The metric is used to assess data quality in economic analysis and policymaking.
FAQs
Q: What does this economic trend measure?
A: This trend measures the share of the statistical discrepancy between Montenegro's total recorded trade and its gross domestic product (GDP) at current purchasing power parities.
Q: Why is this trend relevant for users or analysts?
A: The share of residual trade and GDP statistical discrepancy provides insight into the reliability and accuracy of Montenegro'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 World Bank as a ratio between the statistical discrepancy and Montenegro's GDP.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to assess the reliability of Montenegro's macroeconomic data, which informs their analysis and decision-making.
Q: Are there update delays or limitations?
A: The data may be subject to revisions and updates by the World Bank, and there may be lags in the availability of the most recent information.
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Citation
U.S. Federal Reserve, Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Montenegro (CSHRCPMEA156NRUG), retrieved from FRED.