Libya vs New Caledonia: Discrepancy in expenditure estimate of GDP
Discrepancy in expenditure estimate of GDP over time
- Libya
- New Caledonia
How they compare
New Caledonia currently reports 46.15 billion current LCU against 42.74 billion current LCU in Libya, a difference of 3.41 billion current LCU.
That makes New Caledonia's figure about 1.1 times Libya's.
The two have swapped places 9 times across 28 shared years of data; in 1990 it was Libya ahead.
Libya ranks 18th and New Caledonia ranks 17th of 186 countries.
Across the 4 decades both report, Libya averaged higher in 2 and New Caledonia in 2.
Head to head by decade
| Decade | Libya | New Caledonia | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 849.03 million current LCU | -1.57 billion current LCU | 2.41 billion current LCU | Libya |
| 2000s | 2.57 billion current LCU | 2,430 current LCU | 2.57 billion current LCU | Libya |
| 2010s | -158.03 million current LCU | 8.16 billion current LCU | 8.32 billion current LCU | New Caledonia |
| 2020s | 8.90 billion current LCU | 78.86 billion current LCU | 69.96 billion current LCU | New Caledonia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher discrepancy in expenditure estimate of gdp, Libya or New Caledonia?
- New Caledonia, at 46.15 billion current LCU against 42.74 billion current LCU in Libya as of 2024.
- What is the difference in discrepancy in expenditure estimate of gdp between Libya and New Caledonia?
- 3.41 billion current LCU, with New Caledonia ahead.
- How many years of comparable data are there for Libya and New Caledonia?
- 28 years are reported by both, from 1990 to 2024.
- How do Libya and New Caledonia rank globally for discrepancy in expenditure estimate of gdp?
- Libya ranks 18th and New Caledonia ranks 17th of 186 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 (current 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.