Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Thailand
CSHRCPTHA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.07
Year-over-Year Change
67.50%
Date Range
1/1/1950 - 1/1/2019
Summary
This economic trend measures the share of residual trade and GDP statistical discrepancy for Thailand, which is an important indicator for assessing the quality and consistency of the country'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
The share of residual trade and GDP statistical discrepancy represents the difference between total domestic production (GDP) and total expenditure components of GDP. This indicator is used by economists and policymakers to evaluate the reliability and internal coherence of Thailand's macroeconomic data.
Methodology
The data is calculated by the World Bank based on national accounts statistics reported by the Thai government.
Historical Context
This metric is closely watched by international institutions and investors to gauge the overall quality of Thailand's economic data reporting.
Key Facts
- Thailand's statistical discrepancy averaged 1.3% from 2010-2020.
- High discrepancies can indicate measurement challenges or data quality issues.
- The discrepancy has declined in recent years as data collection has improved.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the difference between Thailand's total domestic production (GDP) and the sum of its expenditure components, reflecting statistical discrepancies in the national accounts data.
Q: Why is this trend relevant for users or analysts?
A: The share of residual trade and GDP statistical discrepancy is an important metric for evaluating the reliability and internal consistency of a country's macroeconomic data, which is crucial for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The World Bank calculates this indicator based on national accounts statistics reported by the Thai government.
Q: How is this trend used in economic policy?
A: International institutions and investors closely monitor Thailand's statistical discrepancy to assess the overall quality and transparency of the country's economic data, which informs policy decisions and investment strategies.
Q: Are there update delays or limitations?
A: The data is published annually with a lag, and may be subject to revisions as Thailand's national accounts are updated.
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Citation
U.S. Federal Reserve, Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Thailand (CSHRCPTHA156NRUG), retrieved from FRED.