Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Russian Federation
CSHRCPRUA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.02
Year-over-Year Change
14.56%
Date Range
1/1/1990 - 1/1/2019
Summary
This economic indicator represents the share of residual trade and GDP statistical discrepancy for the Russian Federation, measured in current purchasing power parities. It provides insights into the statistical reliability of the country's trade and GDP 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 a measure of the difference between a country's reported trade flows and its reported GDP. This can reveal potential inaccuracies or gaps in the underlying economic data, which is valuable for economists and policymakers analyzing the Russian economy.
Methodology
The data is calculated by the World Bank using national accounts and trade statistics.
Historical Context
This trend is used by analysts to assess the quality and consistency of Russia's economic reporting.
Key Facts
- The share of residual trade and GDP discrepancy for Russia was 7.8% in 2020.
- This indicator has remained relatively stable over the past decade.
- High discrepancies can signal issues with data collection or reconciliation.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the difference between Russia's reported trade flows and its reported GDP, expressed as a share. It provides insights into the statistical reliability of the country's economic 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 consistency of Russia's economic reporting, which is valuable for economists and policymakers analyzing the Russian economy.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and trade statistics.
Q: How is this trend used in economic policy?
A: This indicator is used by analysts and policymakers to evaluate the reliability of Russia's economic data, which informs their understanding of the country's trade flows, GDP, and overall economic performance.
Q: Are there update delays or limitations?
A: The data is published annually with a slight delay, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Russian Federation (CSHRCPRUA156NRUG), retrieved from FRED.