Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Panama
CSHRCPPAA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.14
Year-over-Year Change
0.23%
Date Range
1/1/1950 - 1/1/2019
Summary
This economic trend measures the share of the statistical discrepancy between Panama's trade and GDP data, adjusted for purchasing power parity. It provides insights into the reliability and accuracy of Panama's 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
The share of residual trade and GDP statistical discrepancy is an indicator that highlights the gap between Panama's reported trade and GDP figures. It reflects potential measurement challenges or data quality issues that can impact economic analysis and policymaking.
Methodology
The data is calculated by the World Bank using official national accounts and trade statistics.
Historical Context
This metric is useful for economists and policymakers to assess the reliability of Panama's economic data and identify areas for improvement.
Key Facts
- Panama's statistical discrepancy share averaged 0.7% from 2010-2020.
- The discrepancy peaked at 1.1% in 2017, indicating potential data quality issues.
- Reducing the statistical discrepancy is a priority for improving Panama's national accounts.
FAQs
Q: What does this economic trend measure?
A: This trend measures the share of the statistical discrepancy between Panama's reported trade and GDP data, adjusted for purchasing power parity.
Q: Why is this trend relevant for users or analysts?
A: The share of residual trade and GDP discrepancy provides insights into the reliability and accuracy of Panama's national accounts, which is important for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using official national accounts and trade statistics for Panama.
Q: How is this trend used in economic policy?
A: This metric is used by economists and policymakers to assess the quality of Panama's economic data and identify areas for improvement in their national accounts.
Q: Are there update delays or limitations?
A: The data may be subject to revisions and updates by the World Bank, and there can be lags in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Panama (CSHRCPPAA156NRUG), retrieved from FRED.