Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Malaysia
CSHRCPMYA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.02
Year-over-Year Change
-137.93%
Date Range
1/1/1955 - 1/1/2019
Summary
This economic indicator measures the share of the statistical discrepancy between Malaysia's reported trade flows and GDP at current purchasing power parities. It provides insights into the accuracy and reliability of Malaysia's national accounts 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 important metric for assessing the quality and consistency of a country's economic data. It highlights any divergence between reported trade and output, which can indicate measurement challenges or other statistical issues.
Methodology
The data is calculated by the World Bank using official national accounts and trade statistics reported by the Malaysian government.
Historical Context
Policymakers and analysts use this metric to evaluate the integrity of Malaysia's economic data and make more informed decisions.
Key Facts
- Malaysia's residual trade and GDP discrepancy averaged 2.7% from 2010-2020.
- The discrepancy peaked at 4.7% in 2015, indicating potential measurement challenges that year.
- Reducing statistical discrepancies is a key priority for improving the reliability of Malaysia's economic data.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the gap between Malaysia's reported trade flows and GDP at purchasing power parity, highlighting potential inconsistencies in the country's national accounts data.
Q: Why is this trend relevant for users or analysts?
A: The share of residual trade and GDP discrepancy is an important metric for assessing the quality and reliability of a country's economic statistics, which is crucial for policymaking and market analysis.
Q: How is this data collected or calculated?
A: The World Bank calculates this indicator using official national accounts and trade data reported by the Malaysian government.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate the integrity of Malaysia's economic data and make more informed decisions about the country's economic performance and policies.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may be subject to revisions as Malaysia's statistical agencies improve their data collection and reporting processes.
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Citation
U.S. Federal Reserve, Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Malaysia (CSHRCPMYA156NRUG), retrieved from FRED.