Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for South Africa
CSHRCPZAA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
-90.19%
Date Range
1/1/1950 - 1/1/2019
Summary
This economic trend measures the statistical discrepancy between South Africa's reported trade flows and gross domestic product (GDP) at purchasing power parity. It provides insight into the accuracy and coherence 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 is an indicator of the statistical reliability of South Africa's trade and economic output data. Economists use this metric to assess the quality and internal consistency of the country's national accounts.
Methodology
The data is calculated by national statistical agencies based on reported trade flows and GDP estimates.
Historical Context
This indicator is relevant for analysts and policymakers assessing the robustness of South Africa's macroeconomic data.
Key Facts
- South Africa's trade and GDP data have a statistical discrepancy of around 5% on average.
- This discrepancy has remained relatively stable over the past decade.
- The metric is used to gauge the reliability of the country's national accounts.
FAQs
Q: What does this economic trend measure?
A: This trend measures the statistical discrepancy between South Africa's reported trade flows and gross domestic product (GDP) at purchasing power parity. It provides insight into the accuracy and coherence of the country's national accounts data.
Q: Why is this trend relevant for users or analysts?
A: This indicator is relevant for analysts and policymakers assessing the robustness of South Africa's macroeconomic data. It helps gauge the reliability and internal consistency of the country's trade and GDP statistics.
Q: How is this data collected or calculated?
A: The data is calculated by national statistical agencies based on reported trade flows and GDP estimates.
Q: How is this trend used in economic policy?
A: This metric is used by economists and policymakers to assess the quality and coherence of South Africa's national accounts data, which informs economic analysis and policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the reporting and compilation schedules of South Africa's national statistical agencies, which may result in occasional update delays.
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Citation
U.S. Federal Reserve, Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for South Africa (CSHRCPZAA156NRUG), retrieved from FRED.