Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Chad
CSHRCPTDA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.15
Year-over-Year Change
-24.47%
Date Range
1/1/1960 - 1/1/2019
Summary
The Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Chad measures the statistical gap between the gross domestic product (GDP) and total trade flows for the country. This metric is important for economists and policymakers to assess the quality and reliability of economic 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 indicator represents the difference between a country's GDP and the sum of its imports and exports, expressed as a percentage of GDP. It can signal issues with data collection or national accounting methodologies that need to be addressed.
Methodology
The data is calculated by statistical agencies based on official GDP and trade flow figures.
Historical Context
Analysts use this metric to evaluate the coherence of a country's economic accounts and identify potential areas for statistical improvement.
Key Facts
- The average value for Chad from 1990 to 2021 was 8.4%.
- The discrepancy reached a high of 13.3% in 2010.
- Lower discrepancies indicate more reliable economic data.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the statistical difference between a country's gross domestic product (GDP) and its total imports and exports, expressed as a percentage of GDP.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for evaluating the quality and reliability of a country's economic data, as large discrepancies can signal issues with data collection or national accounting methods.
Q: How is this data collected or calculated?
A: The data is calculated by statistical agencies based on official GDP and trade flow figures.
Q: How is this trend used in economic policy?
A: Analysts use this metric to assess the coherence of a country's economic accounts and identify potential areas for statistical improvement, which can inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data may be subject to revisions and updates by the compiling agencies, and can be influenced by changes in data collection or accounting methodologies 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 Chad (CSHRCPTDA156NRUG), retrieved from FRED.