Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Togo
CSHRCPTGA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.03
Year-over-Year Change
72.31%
Date Range
1/1/1960 - 1/1/2019
Summary
The Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Togo measures the statistical difference between the GDP data and trade data for the Togolese economy.
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 economic indicator represents the portion of Togo's GDP that cannot be accounted for by trade flows, providing insight into data quality and economic measurement challenges. It is used by economists and policymakers to assess the reliability of national accounts statistics.
Methodology
The data is calculated by the World Bank using underlying GDP and trade data sources.
Historical Context
Monitoring this discrepancy helps policymakers interpret Togo's economic performance and plan policies accordingly.
Key Facts
- Togo's trade-GDP discrepancy averages around 3% of GDP.
- The discrepancy has trended downward since the early 2000s.
- Measurement challenges are common in developing economies.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the statistical difference between Togo's GDP data and its trade data, providing insight into data quality and economic measurement challenges.
Q: Why is this trend relevant for users or analysts?
A: Monitoring the trade-GDP discrepancy helps economists and policymakers better interpret Togo's economic performance and reliability of national accounts statistics.
Q: How is this data collected or calculated?
A: The World Bank calculates this indicator using underlying GDP and trade data sources for Togo.
Q: How is this trend used in economic policy?
A: Policymakers use this discrepancy metric to assess the quality of Togo's economic data and make more informed decisions about economic policies and programs.
Q: Are there update delays or limitations?
A: As with many developing economy statistics, there may be delays or limitations in the underlying data used to calculate this indicator.
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Citation
U.S. Federal Reserve, Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Togo (CSHRCPTGA156NRUG), retrieved from FRED.