Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Trinidad and Tobago
CSHRCPTTA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
-100.00%
Date Range
1/1/1950 - 1/1/2019
Summary
The Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Trinidad and Tobago measures the difference between GDP calculated from the expenditure and production sides, providing insight into data quality and statistical reporting.
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 GDP estimates derived from the expenditure and production approaches in Trinidad and Tobago. It serves as an indicator of data reliability and the accuracy of national accounts compilation.
Methodology
The data is calculated by the World Bank as part of the International Comparison Program using national accounts statistics.
Historical Context
Economists and policymakers use this metric to assess the quality of economic data and identify areas for improvement in statistical reporting.
Key Facts
- The metric ranges from 0 to 100 percent.
- Higher values indicate greater statistical discrepancy.
- Data is available annually from 1990 to 2020.
FAQs
Q: What does this economic trend measure?
A: This metric measures the statistical discrepancy between GDP estimates derived from the expenditure and production approaches in Trinidad and Tobago.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the quality and reliability of national accounts data, which is crucial for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank as part of the International Comparison Program using national accounts statistics.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to assess the quality of economic data and identify areas for improvement in statistical reporting.
Q: Are there update delays or limitations?
A: The data is available annually from 1990 to 2020, with a delay of approximately two years.
Related Trends
Share of Government Consumption at Current Purchasing Power Parities for Equatorial Guinea
CSHGCPGQA156NRUG
Share of Household Consumption at Current Purchasing Power Parities for Belize
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Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Austria
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Share of Government Consumption at Current Purchasing Power Parities for Tunisia
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Share of Household Consumption at Current Purchasing Power Parities for Niger
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Citation
U.S. Federal Reserve, Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Trinidad and Tobago (CSHRCPTTA156NRUG), retrieved from FRED.