Kiribati - 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 Kiribati was -3,948,844 as of 2018. As the graph below shows, over the past 46 years this indicator reached a maximum value of 48,883,500 in 1992 and a minimum value of -10,787,200 in 1980.

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
1972 0
1973 0
1974 0
1975 0
1976 0
1977 0
1978 0
1979 -1,118,000
1980 -10,787,200
1981 800,400
1982 2,179,800
1983 -307,000
1984 573,400
1985 -2,658,000
1986 -9,212,800
1987 20,359,200
1988 22,853,000
1989 20,297,800
1990 20,630,600
1991 24,683,700
1992 48,883,500
2008 -404,000
2009 -561,202
2010 1,088,503
2011 -487,854
2012 -4,636,893
2013 1,217,143
2014 1,639,692
2015 3,826,926
2016 5,332,150
2017 2,342,888
2018 -3,948,844

Discrepancy in expenditure estimate of GDP (constant LCU)

The value for Discrepancy in expenditure estimate of GDP (constant LCU) in Kiribati was -24,165,810 as of 2018. As the graph below shows, over the past 10 years this indicator reached a maximum value of -1,793,937 in 2010 and a minimum value of -24,165,810 in 2018.

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
2008 -4,616,000
2009 -6,148,915
2010 -1,793,937
2011 -3,916,285
2012 -9,647,815
2013 -3,370,687
2014 -8,093,543
2015 -12,599,370
2016 -11,545,240
2017 -10,908,480
2018 -24,165,810

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts