Georgia - Discrepancy in expenditure estimate of GDP

Discrepancy in expenditure estimate of GDP (current LCU)

The value for Discrepancy in expenditure estimate of GDP (current LCU) in Georgia was 10 as of 2020. As the graph below shows, over the past 33 years this indicator reached a maximum value of 45,357,200 in 1999 and a minimum value of -541,493,200 in 2000.

Definition: Discrepancy in expenditure estimate of GDP is the discrepancy included in final consumption expenditure, etc. (total consumption, etc.). This discrepancy is included to ensure that GDP from the expenditure side equals GDP measured by the income or output approach. Data are in current local currency.

Source: World Bank national accounts data, and OECD National Accounts data files.

Year Value
1987 0
1988 0
1989 100
1990 -400
1991 100
1992 19,300
1993 -100
1994 0
1995 0
1996 -524,825,800
1997 -159,651,500
1998 -86,677,100
1999 45,357,200
2000 -541,493,200
2001 -336,226,100
2002 -218,888,000
2003 -240,400,000
2004 -275,900,000
2005 -326,500,000
2006 -387,100,000
2007 -477,000,000
2008 -535,600,000
2009 -504,900,000
2010 200,000
2011 100,000
2012 0
2013 0
2014 -200,000
2015 100,000
2016 0
2017 0
2018 100,000
2019 0
2020 10

Discrepancy in expenditure estimate of GDP (constant LCU)

The value for Discrepancy in expenditure estimate of GDP (constant LCU) in Georgia was -890,385,600 as of 2020. As the graph below shows, over the past 5 years this indicator reached a maximum value of 200,000 in 2016 and a minimum value of -890,385,600 in 2020.

Definition: A statistical discrepancy usually arises when the GDP components are estimated independently by industrial origin and by expenditure categories. This item represents the discrepancy in the use of resources (i.e., the estimate of GDP by expenditure categories). Data are in constant local currency.

Source: World Bank national accounts data, and OECD National Accounts data files.

Year Value
2015 0
2016 200,000
2017 -70,900,000
2018 -27,590,800
2019 -42,305,700
2020 -890,385,600

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts