Guinea - 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 Guinea was -6,957,440,000,000 as of 2020. As the graph below shows, over the past 34 years this indicator reached a maximum value of 123,375,000,000 in 1993 and a minimum value of -6,957,440,000,000 in 2020.

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
1986 -46,011,900
1987 -5,816,100
1988 -6,018,300
1989 40,609,800
1990 77,784,960,000
1991 95,042,950,000
1992 108,781,000,000
1993 123,375,000,000
1994 77,416,240,000
1995 -13,986,180,000
1996 471,400,000
1997 522,600,000
1998 -59,099,900
1999 74,900,300
2000 0
2001 -37,909,000
2002 10,772,400
2003 47,293,000
2004 -28,970,000
2005 0
2006 -81,200
2007 477,100
2008 -251,000
2009 1,800
2010 -87,300
2011 -489,900
2012 361,900
2013 -219,100
2014 60,100
2015 -157,500
2016 237,100
2017 -100
2018 100
2019 100
2020 -6,957,440,000,000

Discrepancy in expenditure estimate of GDP (constant LCU)

The value for Discrepancy in expenditure estimate of GDP (constant LCU) in Guinea was 11,845,100,000,000 as of 2020. As the graph below shows, over the past 10 years this indicator reached a maximum value of 11,845,100,000,000 in 2020 and a minimum value of -847,121,000,000 in 2016.

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
2010 -87,300
2011 294,300
2012 -539,901,000,000
2013 -418,730,000,000
2014 -319,043,000,000
2015 -596,583,000,000
2016 -847,121,000,000
2017 1,501,660,000,000
2018 -26,355,970,000
2019 272,271,000,000
2020 11,845,100,000,000

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts