Korea - 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 Korea was -407,700,000,000 as of 2020. As the graph below shows, over the past 60 years this indicator reached a maximum value of 804,900,000,000 in 2007 and a minimum value of -1,000,900,000,000 in 2003.
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 | -1,340,000,000 |
| 1961 | 280,000,000 |
| 1962 | 3,530,000,000 |
| 1963 | 4,150,000,000 |
| 1964 | 7,560,000,000 |
| 1965 | 330,000,000 |
| 1966 | -2,090,000,000 |
| 1967 | -8,700,000,000 |
| 1968 | -3,290,000,000 |
| 1969 | -4,930,000,000 |
| 1970 | -7,500,000,000 |
| 1971 | -7,600,000,000 |
| 1972 | 6,100,000,000 |
| 1973 | 6,100,000,000 |
| 1974 | 200,000,000 |
| 1975 | -4,300,000,000 |
| 1976 | 1,600,000,000 |
| 1977 | -4,100,000,000 |
| 1978 | 33,100,000,000 |
| 1979 | -20,600,000,000 |
| 1980 | -2,600,000,000 |
| 1981 | 120,300,000,000 |
| 1982 | 92,000,000,000 |
| 1983 | 61,600,000,000 |
| 1984 | 122,700,000,000 |
| 1985 | 71,600,000,000 |
| 1986 | 47,400,000,000 |
| 1987 | 45,600,000,000 |
| 1988 | 166,900,000,000 |
| 1989 | 203,200,000,000 |
| 1990 | 11,900,000,000 |
| 1991 | -112,800,000,000 |
| 1992 | -310,900,000,000 |
| 1993 | 175,400,000,000 |
| 1994 | -57,200,000,000 |
| 1995 | 281,200,000,000 |
| 1996 | -64,000,000,000 |
| 1997 | 183,300,000,000 |
| 1998 | -389,600,000,000 |
| 1999 | -712,300,000,000 |
| 2000 | -501,200,000,000 |
| 2001 | -777,200,000,000 |
| 2002 | -963,000,000,000 |
| 2003 | -1,000,900,000,000 |
| 2004 | -216,900,000,000 |
| 2005 | 678,800,000,000 |
| 2006 | 43,900,000,000 |
| 2007 | 804,900,000,000 |
| 2008 | -193,800,000,000 |
| 2009 | 383,800,000,000 |
| 2010 | 0 |
| 2011 | -100,000,000 |
| 2012 | 100,000,000 |
| 2013 | 0 |
| 2014 | 0 |
| 2015 | 100,000,000 |
| 2016 | 100,000,000 |
| 2017 | -100,000,000 |
| 2018 | 0 |
| 2019 | 0 |
| 2020 | -407,700,000,000 |
Discrepancy in expenditure estimate of GDP (constant LCU)
The value for Discrepancy in expenditure estimate of GDP (constant LCU) in Korea was 2,748,000,000,000 as of 2020. As the graph below shows, over the past 5 years this indicator reached a maximum value of 2,748,000,000,000 in 2020 and a minimum value of 100,000,000 in 2015.
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 | 100,000,000 |
| 2016 | 327,200,000,000 |
| 2017 | 2,091,700,000,000 |
| 2018 | 1,385,200,000,000 |
| 2019 | 789,500,000,000 |
| 2020 | 2,748,000,000,000 |
Classification
Topic: Economic Policy & Debt Indicators
Sub-Topic: National accounts
