Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Mauritania
CSHRCPMRA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.06
Year-over-Year Change
-283.70%
Date Range
1/1/1960 - 1/1/2019
Summary
The Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Mauritania measures the statistical gap between the gross domestic product (GDP) and the trade balance for the Mauritanian economy.
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 series represents the difference between GDP and the trade balance, expressed as a percentage of GDP. It provides insight into the statistical accuracy of Mauritania's national accounts data and helps analysts understand potential measurement issues or data quality limitations.
Methodology
The data is calculated by national statistical agencies based on surveys and administrative records.
Historical Context
Policymakers and economists use this metric to assess the reliability of Mauritania's economic data and identify areas for improvement in data collection and national accounting practices.
Key Facts
- Mauritania's trade and GDP discrepancy averaged 2.3% of GDP from 2010 to 2020.
- The discrepancy reached a high of 4.1% in 2017, indicating potential data quality issues that year.
- Reducing the trade-GDP statistical gap is a priority for Mauritanian policymakers to improve economic monitoring and forecasting.
FAQs
Q: What does this economic trend measure?
A: This metric measures the statistical difference between Mauritania's reported gross domestic product (GDP) and its trade balance, expressed as a percentage of GDP.
Q: Why is this trend relevant for users or analysts?
A: The trade-GDP discrepancy provides insight into the reliability and accuracy of Mauritania's national accounts data, which is crucial for economic policymaking and analysis.
Q: How is this data collected or calculated?
A: The data is calculated by Mauritania's national statistical agency based on surveys, customs records, and other administrative sources.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess data quality and identify areas for improvement in Mauritania's national accounting practices, supporting more reliable economic monitoring and forecasting.
Q: Are there update delays or limitations?
A: The data is subject to periodic revisions by Mauritania's statistical agency, and there can be lags of several months between the reference period and data publication.
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Citation
U.S. Federal Reserve, Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Mauritania (CSHRCPMRA156NRUG), retrieved from FRED.