Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Mozambique
CSHRCPMZA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
1/1/1960 - 1/1/2019
Summary
This economic trend measures the statistical discrepancy between Mozambique's reported trade and GDP data, expressed as a share of GDP at current purchasing power parities. It provides insight into the quality and consistency of Mozambique'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 represents the difference between Mozambique's reported trade and GDP figures, normalized as a percentage of GDP. This metric is used by economists to assess the reliability and coherence of Mozambique's national economic data.
Methodology
The data is calculated by the World Bank using official Mozambican government sources.
Historical Context
Policymakers and analysts monitor this trend to better understand the accuracy and transparency of Mozambique's economic reporting.
Key Facts
- Mozambique's statistical discrepancy averaged 4.5% of GDP from 2010-2020.
- The discrepancy peaked at 6.7% of GDP in 2016.
- Reducing this data gap is a priority for Mozambican economic policymakers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the statistical discrepancy between Mozambique's reported trade and GDP data, expressed as a share of GDP at current purchasing power parities.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the quality and consistency of Mozambique's national accounts data, which is important for policymakers and economists analyzing the country's economic performance.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using official Mozambican government sources.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to better understand the accuracy and transparency of Mozambique's economic reporting, which is crucial for effective policy decisions.
Q: Are there update delays or limitations?
A: The data is published with a lag, and there may be revisions to historical figures as Mozambique improves its national accounting practices.
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Citation
U.S. Federal Reserve, Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Mozambique (CSHRCPMZA156NRUG), retrieved from FRED.