Real Statistical Discrepancy for Russia
NSDGDPRXDCRUA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
355,933.90
Year-over-Year Change
122.00%
Date Range
1/1/1990 - 1/1/2024
Summary
The Real Statistical Discrepancy for Russia measures the difference between the estimated real gross domestic product (GDP) and the sum of its components. This trend provides insights into the reliability and accuracy of Russia'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 Real Statistical Discrepancy for Russia represents the gap between the overall GDP figure and the aggregated expenditure, income, and production components that make up GDP. This discrepancy can indicate potential measurement issues or data quality problems in the national accounts.
Methodology
The data is calculated by the Russian Federal State Statistics Service based on official GDP figures and component data.
Historical Context
Economists and policymakers use this metric to assess the credibility and coherence of Russia's economic statistics.
Key Facts
- The Real Statistical Discrepancy for Russia has averaged around 2% of GDP in recent years.
- Large discrepancies can signal measurement challenges or unreliable data sources.
- Reducing the statistical discrepancy is a priority for improving the quality of Russia's national accounts.
FAQs
Q: What does this economic trend measure?
A: The Real Statistical Discrepancy for Russia measures the difference between the estimated real gross domestic product (GDP) and the sum of its components, providing insights into the reliability and accuracy of Russia's national accounts data.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for economists and policymakers to assess the credibility and coherence of Russia's economic statistics, as large discrepancies can signal measurement challenges or unreliable data sources.
Q: How is this data collected or calculated?
A: The data is calculated by the Russian Federal State Statistics Service based on official GDP figures and component data.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to evaluate the quality and reliability of Russia's national accounts, which is crucial for informed decision-making and economic analysis.
Q: Are there update delays or limitations?
A: The data is subject to the same timeliness and potential revisions as Russia's official GDP statistics, which may include some delays or limitations.
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Citation
U.S. Federal Reserve, Real Statistical Discrepancy for Russia (NSDGDPRXDCRUA), retrieved from FRED.