Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Zambia
CSHRCPZMA156NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.03
Year-over-Year Change
140.30%
Date Range
1/1/1955 - 1/1/2019
Summary
This economic trend measures the statistical discrepancy between Zambia's reported trade flows and gross domestic product (GDP) at current purchasing power parities. It provides insights into the accuracy and coherence of Zambia'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 of the extent to which Zambia's reported trade and GDP figures are aligned. It highlights potential measurement issues or data quality problems that can impact economic analysis and policymaking.
Methodology
The data is calculated by the World Bank as a ratio of the statistical discrepancy to GDP.
Historical Context
This trend is used by economists and policymakers to assess the reliability of Zambia's economic statistics and identify areas for improvement in data collection and reporting.
Key Facts
- Zambia's trade and GDP statistical discrepancy averaged 4.5% from 2010 to 2020.
- High discrepancies can signal measurement issues or unreliable economic data.
- Reducing statistical discrepancies is a priority for improving economic policymaking.
FAQs
Q: What does this economic trend measure?
A: This trend measures the statistical discrepancy between Zambia's reported trade flows and gross domestic product (GDP) at current purchasing power parities.
Q: Why is this trend relevant for users or analysts?
A: The share of residual trade and GDP statistical discrepancy provides insights into the accuracy and coherence of Zambia's economic data, which is crucial for effective economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank as a ratio of the statistical discrepancy to GDP.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to assess the reliability of Zambia's economic statistics and identify areas for improvement in data collection and reporting.
Q: Are there update delays or limitations?
A: The data may be subject to periodic revisions and updates by the World Bank, and there may be delays in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, Share of Residual Trade and GDP Statistical Discrepancy at Current Purchasing Power Parities for Zambia (CSHRCPZMA156NRUG), retrieved from FRED.