Jamaica - 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 Jamaica was -159,800 as of 2020. As the graph below shows, over the past 60 years this indicator reached a maximum value of 5,001,600 in 1963 and a minimum value of -3,737,774,000 in 1992.

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
1960 -6,051,900
1961 -3,531,900
1962 -530,400
1963 5,001,600
1964 -1,251,500
1965 0
1966 0
1967 0
1968 0
1969 0
1970 -100
1971 0
1972 100
1973 0
1974 0
1975 0
1976 -200
1977 0
1978 100
1979 0
1980 -99,900
1981 -99,900
1982 100,200
1983 -300
1984 99,700
1985 700
1986 163,200
1987 -85,300
1988 65,600
1989 192,400
1990 138,200
1991 -311,901,200
1992 -3,737,774,000
1993 0
1994 0
1995 0
1996 0
1997 0
1998 0
1999 0
2000 0
2001 0
2002 0
2003 -1,000,000
2004 0
2005 1,000,000
2006 -1,000,000
2007 0
2008 0
2009 -1,000,000
2010 1,000,000
2011 0
2012 0
2013 0
2014 1,000,000
2015 0
2016 0
2017 0
2018 0
2019 0
2020 -159,800

Discrepancy in expenditure estimate of GDP (constant LCU)

The value for Discrepancy in expenditure estimate of GDP (constant LCU) in Jamaica was 1,800,504,000 as of 2020. As the graph below shows, over the past 13 years this indicator reached a maximum value of 2,132,000,000 in 2016 and a minimum value of -1,630,000,000 in 2017.

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
2007 0
2008 -762,000,000
2009 -504,000,000
2010 786,000,000
2011 -749,000,000
2012 -848,000,000
2013 -1,175,000,000
2014 393,000,000
2015 -210,000,000
2016 2,132,000,000
2017 -1,630,000,000
2018 42,000,000
2019 -216,000,000
2020 1,800,504,000

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts