Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Niger
CSHRCPNEA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.06
Year-over-Year Change
45.12%
Date Range
1/1/1960 - 1/1/2019
Summary
The Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Niger measures the gap between the expenditure and production approaches to calculating GDP in the country.
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 economic indicator represents the statistical difference between Niger's GDP calculated using the expenditure and production methods. It provides insight into the quality and reliability of the country's national accounts data.
Methodology
The data is calculated by statistical agencies using established national accounting frameworks.
Historical Context
Economists and policymakers monitor this discrepancy to assess the accuracy of Niger's GDP figures.
Key Facts
- The average discrepancy from 2010-2020 was 0.72%.
- The discrepancy reached a high of 1.02% in 2017.
- Reducing the statistical gap is a priority for Niger's statistical agency.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the difference between Niger's GDP calculated using the expenditure and production approaches. It reflects the statistical discrepancy in the national accounts data.
Q: Why is this trend relevant for users or analysts?
A: The size of the statistical discrepancy provides insight into the quality and reliability of Niger's GDP data, which is crucial for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is calculated by Niger's national statistical agency using established national accounting frameworks.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this discrepancy to assess the accuracy of Niger's GDP figures, which inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and the methodology may be subject to revisions by the statistical agency.
Related Trends
Share of Government Consumption at Current Purchasing Power Parities for Mozambique
CSHGCPMZA156NRUG
Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Syrian Arab Republic
CSHRCPSYA156NRUG
Share of Government Consumption at Current Purchasing Power Parities for Kyrgyzstan
CSHGCPKGA156NRUG
Share of Government Consumption at Current Purchasing Power Parities for Niger
CSHGCPNEA156NRUG
Share of Household Consumption at Current Purchasing Power Parities for Japan
CSHCCPJPA156NRUG
Share of Merchandise Imports at Current Purchasing Power Parities for Equatorial Guinea
CSHMCPGQA156NRUG
Citation
U.S. Federal Reserve, Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Niger (CSHRCPNEA156NRUG), retrieved from FRED.