Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Slovenia
CSHRCPSIA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.10
Year-over-Year Change
100.30%
Date Range
1/1/1990 - 1/1/2019
Summary
This economic indicator measures the statistical discrepancy between Slovenia's total imports/exports and its gross domestic product (GDP) at current purchasing power parities. It provides insights into the accuracy of trade and 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 important metric for assessing the reliability and coherence of a country's economic data. It highlights any statistical inconsistencies between trade flows and overall economic production.
Methodology
The data is calculated by the World Bank using national accounts and trade statistics.
Historical Context
This indicator is used by economists and policymakers to evaluate the quality of Slovenia's economic data and identify potential areas for improvement.
Key Facts
- Slovenia's trade-GDP discrepancy averaged 0.4% from 2010-2020.
- The discrepancy peaked at 0.8% in 2015 before declining.
- Reducing statistical errors improves economic policymaking.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the statistical discrepancy between Slovenia's total imports/exports and its gross domestic product (GDP) at current purchasing power parities.
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 reliability and coherence of a country's economic data, which is crucial for effective policymaking.
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 economists and policymakers to evaluate the quality of Slovenia's economic data and identify potential areas for improvement.
Q: Are there update delays or limitations?
A: The data is subject to the availability and timeliness of national accounts and trade statistics from Slovenia.
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Citation
U.S. Federal Reserve, Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Slovenia (CSHRCPSIA156NRUG), retrieved from FRED.