Philippines - 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 Philippines was 0 as of 2020. As the graph below shows, over the past 39 years this indicator reached a maximum value of 51,595,210,000 in 1987 and a minimum value of -13,704,120,000 in 1998.

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
1981	22,715,190,000
1982	25,822,370,000
1983	34,849,660,000
1984	47,289,090,000
1985	35,943,780,000
1986	25,234,040,000
1987	51,595,210,000
1988	42,455,040,000
1989	45,575,260,000
1990	40,561,210,000
1991	33,741,570,000
1992	16,543,880,000
1993	6,869,625,000
1994	-6,252,162,000
1995	38,895,020,000
1996	27,702,250,000
1997	21,696,130,000
1998	-13,704,120,000
1999	-811,968,400
2000	-5,388
2001	0
2002	0
2003	0
2004	0
2005	0
2006	0
2007	0
2008	0
2009	0
2010	0
2011	0
2012	0
2013	0
2014	0
2015	0
2016	0
2017	0
2018	0
2019	0
2020	0

Discrepancy in expenditure estimate of GDP (constant LCU)

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
2018	0.000
2019	-0.006
2020	0.000

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts