Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Bolivarian Republic of Venezuela
CSHRCPVEA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.40
Year-over-Year Change
1134.00%
Date Range
1/1/1950 - 1/1/2019
Summary
This economic trend measures the share of residual trade and GDP statistical discrepancy for Venezuela, providing insights into the accuracy and reliability of the country's 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
The share of residual trade and GDP statistical discrepancy is an indicator that reflects the difference between a country's measured expenditure-side GDP and its income-side GDP. It can signal potential issues with data collection or compilation processes.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using official Venezuelan economic statistics.
Historical Context
This metric is used by economists and policymakers to assess the quality and credibility of Venezuela's economic data.
Key Facts
- Venezuela's residual trade and GDP discrepancy has been over 10% since 2014.
- High discrepancy levels can indicate significant measurement challenges in the Venezuelan economy.
- This metric is used to assess the reliability of Venezuela's economic data by international institutions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the share of residual trade and GDP statistical discrepancy for Venezuela, which reflects the difference between the country's measured expenditure-side GDP and income-side GDP.
Q: Why is this trend relevant for users or analysts?
A: This metric is relevant because it can signal potential issues with data collection or compilation processes in Venezuela, helping economists and policymakers assess the quality and credibility of the country's economic data.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using official Venezuelan economic statistics.
Q: How is this trend used in economic policy?
A: This metric is used by economists and policymakers to evaluate the reliability of Venezuela's economic data, which is important for informed decision-making and policy formulation.
Q: Are there update delays or limitations?
A: The data may be subject to delays or limitations due to the challenges of collecting accurate economic statistics in Venezuela.
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Citation
U.S. Federal Reserve, Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Bolivarian Republic of Venezuela (CSHRCPVEA156NRUG), retrieved from FRED.