Statistical discrepancy
IEASD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
143,764.00
Year-over-Year Change
2213.92%
Date Range
1/1/1999 - 1/1/2025
Summary
The statistical discrepancy measures the difference between gross domestic product (GDP) calculated from the income and expenditure sides. It's a key indicator of data quality and reliability in national accounts.
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 statistical discrepancy represents the gap between GDP as measured by total income (gross domestic income) and GDP as measured by total spending (gross domestic expenditure). It signals potential issues with data collection or reconciliation in the national accounts.
Methodology
The discrepancy is calculated by the Bureau of Economic Analysis as the difference between the two GDP measures.
Historical Context
Economists and policymakers monitor the statistical discrepancy to assess the accuracy and coherence of national economic data.
Key Facts
- The statistical discrepancy has averaged around 0.3% of GDP historically.
- Large discrepancies can signal problems with data collection or reconciliation.
- The discrepancy is a key indicator of the reliability of national economic statistics.
FAQs
Q: What does this economic trend measure?
A: The statistical discrepancy measures the difference between GDP calculated from the income and expenditure sides of the national accounts.
Q: Why is this trend relevant for users or analysts?
A: The discrepancy is an important signal of the quality and coherence of national economic data, which is crucial for policymakers and analysts.
Q: How is this data collected or calculated?
A: The Bureau of Economic Analysis calculates the statistical discrepancy as the difference between GDP from the income and expenditure approaches.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor the statistical discrepancy to assess the reliability of national accounts data, which informs economic policy decisions.
Q: Are there update delays or limitations?
A: The statistical discrepancy is published alongside the regular GDP releases, with no significant lags or limitations.
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Citation
U.S. Federal Reserve, Statistical Discrepancy (IEASD), retrieved from FRED.