Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Slovakia
CSHRCPSKA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.01
Year-over-Year Change
-31.12%
Date Range
1/1/1990 - 1/1/2019
Summary
The 'Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Slovakia' measures the statistical gap between national accounts data on the production and expenditure sides of GDP for Slovakia. This metric is important for economists assessing the reliability of Slovakia'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
This metric represents the statistical discrepancy between Slovakia's GDP calculated from the production and expenditure approaches. It indicates the degree of mismatch in the national accounts data, providing insight into data quality and reliability for policymakers and analysts.
Methodology
The data is calculated by statistical agencies based on surveys and administrative sources.
Historical Context
Policymakers and economists use this metric to evaluate the accuracy and consistency of Slovakia's national accounts statistics.
Key Facts
- The metric ranges from 0 to 1, with higher values indicating greater statistical discrepancy.
- Slovakia's statistical discrepancy has remained below 0.05 since the early 2000s.
- The discrepancy tends to be lower in more developed economies with robust statistical systems.
FAQs
Q: What does this economic trend measure?
A: This metric measures the statistical gap between Slovakia's GDP calculated from the production and expenditure approaches, indicating the degree of mismatch in the national accounts data.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the reliability and quality of Slovakia's national accounts data, which is crucial for policymakers and economists analyzing the country's economic performance.
Q: How is this data collected or calculated?
A: The data is calculated by statistical agencies based on surveys and administrative sources.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to evaluate the accuracy and consistency of Slovakia's national accounts statistics, which informs their decisions and analyses.
Q: Are there update delays or limitations?
A: The data is subject to the update schedules and revisions of Slovakia's national statistical agency, which may introduce lags or changes over time.
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Citation
U.S. Federal Reserve, Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Slovakia (CSHRCPSKA156NRUG), retrieved from FRED.