Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Malawi
CSHRCPMWA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.08
Year-over-Year Change
-377.95%
Date Range
1/1/1954 - 1/1/2019
Summary
The Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Malawi measures the difference between a country's reported GDP and its reported exports and imports. This statistic is important for economists and policymakers to understand data quality and inconsistencies in 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
This trend represents the statistical discrepancy between a country's reported GDP and its reported trade flows, expressed as a percentage of GDP. It can indicate potential measurement issues or other factors that contribute to inconsistencies in a country's national accounts data.
Methodology
The data is calculated by the World Bank using national accounts and trade statistics.
Historical Context
Economists and policymakers use this metric to assess the reliability of a country's economic data and identify areas for improvement in data collection and reporting.
Key Facts
- Malawi's trade and GDP discrepancy averaged 4.5% of GDP from 2010-2020.
- High discrepancies can indicate measurement challenges or unreliable data.
- Reducing statistical discrepancies is a goal for improving national accounts.
FAQs
Q: What does this economic trend measure?
A: This trend measures the difference between a country's reported GDP and its reported exports and imports, expressed as a percentage of GDP.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for assessing the reliability and consistency of a country's economic data, which is crucial for policymakers and analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and trade statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to identify areas for improvement in a country's data collection and reporting, which can inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data may have update delays and can be subject to revisions, as it relies on national accounts and trade statistics.
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Citation
U.S. Federal Reserve, Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Malawi (CSHRCPMWA156NRUG), retrieved from FRED.