Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Philippines
CSHRCPPHA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
-99.67%
Date Range
1/1/1950 - 1/1/2019
Summary
This economic trend measures the share of residual trade and GDP statistical discrepancy for the Philippines, providing insights into the accuracy and reliability of the country'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 indicator that reflects the difference between the calculated GDP from the expenditure and production sides. It offers a measure of the statistical reliability of the national accounts data.
Methodology
The data is calculated by the World Bank based on national accounts information provided by the Philippine government.
Historical Context
This metric is closely watched by economists and policymakers to assess the quality of economic data and inform policy decisions.
Key Facts
- The discrepancy reflects differences in expenditure-based and production-based GDP calculations.
- A lower share indicates higher reliability of national accounts data.
- The trend has fluctuated between 1-3% for the Philippines in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the share of residual trade and GDP statistical discrepancy for the Philippines, which reflects the difference between the calculated GDP from the expenditure and production sides.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched by economists and policymakers as it provides insights into the accuracy and reliability of the country's national accounts data, which is crucial for informed economic analysis and decision-making.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank based on national accounts information provided by the Philippine government.
Q: How is this trend used in economic policy?
A: This metric is used by economists and policymakers to assess the quality of economic data and inform policy decisions, as it reflects the statistical reliability of the national accounts data.
Q: Are there update delays or limitations?
A: The data is subject to the timeliness and accuracy of the underlying national accounts information provided by the Philippine government.
Related Trends
Share of Merchandise Imports at Current Purchasing Power Parities for Bermuda
CSHMCPBMA156NRUG
Share of Household Consumption at Current Purchasing Power Parities for Guinea
CSHCCPGNA156NRUG
Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Viet Nam
CSHRCPVNA156NRUG
Share of Gross Capital Formation at Current Purchasing Power Parities for Central African Republic
CSHICPCFA156NRUG
Share of Merchandise Exports at Current Purchasing Power Parities for Belarus
CSHXCPBYA156NRUG
Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Canada
CSHRCPCAA156NRUG
Citation
U.S. Federal Reserve, Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Philippines (CSHRCPPHA156NRUG), retrieved from FRED.