Colombia vs Iraq: Discrepancy in expenditure estimate of GDP
Discrepancy in expenditure estimate of GDP over time
- Colombia
- Iraq
How they compare
Iraq currently reports 21.03 trillion constant LCU against 1.60 trillion constant LCU in Colombia, a difference of 19.42 trillion constant LCU.
That makes Iraq's figure about 13.1 times Colombia's.
The two have swapped places 3 times across 10 shared years of data; in 2015 it was Colombia ahead.
Colombia ranks 4th and Iraq ranks 2nd of 154 countries.
Across the 2 decades both report, Colombia averaged higher in 1 and Iraq in 1.
Head to head by decade
| Decade | Colombia | Iraq | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 260.60 billion constant LCU | -1.28 trillion constant LCU | 1.54 trillion constant LCU | Colombia |
| 2020s | -990.00 billion constant LCU | 13.33 trillion constant LCU | 14.32 trillion constant LCU | Iraq |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher discrepancy in expenditure estimate of gdp, Colombia or Iraq?
- Iraq, at 21.03 trillion constant LCU against 1.60 trillion constant LCU in Colombia as of 2024.
- What is the difference in discrepancy in expenditure estimate of gdp between Colombia and Iraq?
- 19.42 trillion constant LCU, with Iraq ahead.
- How many years of comparable data are there for Colombia and Iraq?
- 10 years are reported by both, from 2015 to 2024.
- How do Colombia and Iraq rank globally for discrepancy in expenditure estimate of gdp?
- Colombia ranks 4th and Iraq ranks 2nd of 154 countries.
- Where does this data come from?
- Country official statistics, National Statistical Organizations and/or Central Banks, published as Discrepancy in expenditure estimate of GDP (constant LCU). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Although the SNA ensures there is perfect consistency between the three measures of GDP, this is a conceptual consistency that in general does not emerge naturally from data compilations. This is because of the wide disparity of data sources that must be called on and the fact that any error in any source will lead to a difference between at least two of the GDP measures. In practice it is inevitable that many such data errors will exist and will become apparent in exercises such as the balancing of supply and use tables. This indicator is expressed in constant prices, meaning the underlying series have been adjusted to account for price changes over time. The reference year for this adjustment varies by country.