Discrepancy in expenditure estimate of GDP in Iceland
Iceland: Discrepancy in expenditure estimate of GDP was 0 current LCU in 2025. ◆ Volatile
Latest (2025)
0 current LCU
World rank
76th
of 185 countries
All-time high
374.14 million current LCU
in 1994
All-time low
-2.09 billion current LCU
in 1991
Years of data
56
1970–2025
Discrepancy in expenditure estimate of GDP in Iceland, 1970–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
In 2025, discrepancy in expenditure estimate of gdp in Iceland stood at 0 current LCU.
Compared with earlier readings it is up 100.0% over five years.
Over the whole period, discrepancy in expenditure estimate of gdp in Iceland peaked at 374.14 million current LCU in 1994 and was at its lowest, -2.09 billion current LCU, in 1991.
Iceland ranks 76th of 185 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Discrepancy in expenditure estimate of GDP in Iceland, year by year
| Year | current LCU | Change |
|---|---|---|
| 1970 | -1.77 million current LCU | — |
| 1971 | -10.78 million current LCU | +508.7% |
| 1972 | -9.11 million current LCU | -15.5% |
| 1973 | -17.00 million current LCU | +86.6% |
| 1974 | -38.83 million current LCU | +128.4% |
| 1975 | -51.83 million current LCU | +33.5% |
| 1976 | -37.44 million current LCU | -27.8% |
| 1977 | -63.96 million current LCU | +70.8% |
| 1978 | -48.10 million current LCU | -24.8% |
| 1979 | -81.58 million current LCU | +69.6% |
| 1980 | -177.22 million current LCU | +117.2% |
| 1981 | -283.15 million current LCU | +59.8% |
| 1982 | -536.32 million current LCU | +89.4% |
| 1983 | -314.91 million current LCU | -41.3% |
| 1984 | -666.23 million current LCU | +111.6% |
| 1985 | -620.94 million current LCU | -6.8% |
| 1986 | -278.97 million current LCU | -55.1% |
| 1987 | -1.19 billion current LCU | +326.5% |
| 1988 | -1.51 billion current LCU | +26.5% |
| 1989 | -892.94 million current LCU | -40.7% |
| 1990 | -1.22 billion current LCU | +36.5% |
| 1991 | -2.09 billion current LCU | +71.7% |
| 1992 | -1.24 billion current LCU | -41.0% |
| 1993 | -320.86 million current LCU | -74.0% |
| 1994 | 374.14 million current LCU | -216.6% |
| 1995 | 0 current LCU | -100.0% |
| 1996 | 0 current LCU | — |
| 1997 | -1,000 current LCU | — |
| 1998 | 1,000 current LCU | -200.0% |
| 1999 | -0.0001 current LCU | -100.0% |
| 2000 | 0 current LCU | -100.0% |
| 2001 | 0 current LCU | — |
| 2002 | 0 current LCU | — |
| 2003 | -1,000 current LCU | — |
| 2004 | -1,000 current LCU | -0.0% |
| 2005 | 1,000 current LCU | -200.0% |
| 2006 | 1,000 current LCU | +0.0% |
| 2007 | 0 current LCU | -100.0% |
| 2008 | 0 current LCU | — |
| 2009 | 0 current LCU | — |
| 2010 | 0 current LCU | — |
| 2011 | 0 current LCU | — |
| 2012 | 0 current LCU | — |
| 2013 | 0 current LCU | — |
| 2014 | -1,000 current LCU | — |
| 2015 | 0 current LCU | -100.0% |
| 2016 | 0.0001 current LCU | — |
| 2017 | 1,000 current LCU | +1638398725.6% |
| 2018 | 0.0002 current LCU | -100.0% |
| 2019 | 0 current LCU | -100.0% |
| 2020 | -1,000 current LCU | — |
| 2021 | 0 current LCU | -100.0% |
| 2022 | -1,000 current LCU | — |
| 2023 | -0.0005 current LCU | -100.0% |
| 2024 | 0 current LCU | -100.0% |
| 2025 | 0 current LCU | — |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -36.04 million current LCU | -81.58 million current LCU | -1.77 million current LCU | 10 |
| 1980s | -646.55 million current LCU | -1.51 billion current LCU | -177.22 million current LCU | 10 |
| 1990s | -449.41 million current LCU | -2.09 billion current LCU | 374.14 million current LCU | 10 |
| 2000s | 0 current LCU | -1,000 current LCU | 1,000 current LCU | 10 |
| 2010s | 0 current LCU | -1,000 current LCU | 1,000 current LCU | 10 |
| 2020s | -333.33 current LCU | -1,000 current LCU | 0 current LCU | 6 |
Countries ranked near Iceland
- 73 Senegal 0.0293 current LCU compare
- 74 Ethiopia 0.0112 current LCU compare
- 75 Greenland 0 current LCU compare
- 76 Albania 0 current LCU compare
- 76 Angola 0 current LCU compare
- 76 Armenia 0 current LCU compare
- 76 Belgium 0 current LCU compare
- 76 Benin 0 current LCU compare
- 76 Bolivia, Plurinational State of 0 current LCU compare
- 76 Brazil 0 current LCU compare
- 76 Bulgaria 0 current LCU compare
- 76 Burkina Faso 0 current LCU compare
- 76 Colombia 0 current LCU compare
- 76 Comoros 0 current LCU compare
- 76 Croatia 0 current LCU compare
- 76 Czechia 0 current LCU compare
- 76 Denmark 0 current LCU compare
- 76 Ecuador 0 current LCU compare
- 76 Egypt 0 current LCU compare
- 76 Eswatini 0 current LCU compare
- 76 Georgia 0 current LCU compare
- 76 Germany 0 current LCU compare
- 76 Guinea-Bissau 0 current LCU compare
- 76 Hong Kong 0 current LCU
- 76 Hungary 0 current LCU compare
- 76 Israel 0 current LCU compare
- 76 Japan 0 current LCU compare
- 76 Latvia 0 current LCU compare
- 76 Macao 0 current LCU compare
- 76 Malawi 0 current LCU compare
- 76 Malta 0 current LCU compare
- 76 Mauritania 0 current LCU compare
- 76 Morocco 0 current LCU compare
- 76 Netherlands 0 current LCU compare
- 76 Panama 0 current LCU compare
- 76 Papua New Guinea 0 current LCU compare
- 76 Peru 0 current LCU compare
- 76 Poland 0 current LCU
- 76 Portugal 0 current LCU compare
- 76 Romania 0 current LCU compare
- 76 San Marino 0 current LCU compare
- 76 Slovakia 0 current LCU compare
- 76 Slovenia 0 current LCU compare
- 76 Spain 0 current LCU compare
- 76 Sweden 0 current LCU compare
- 76 Switzerland 0 current LCU compare
- 76 Togo 0 current LCU compare
- 76 Ukraine 0 current LCU compare
More economy & growth data for Iceland
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.96 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.48 Percent per annum (2029)
- Services, value added (current US$), annual growth rate 17.85 % change on previous year (2025)
- Services, value added (current US$), per unit of GDP 0.6623 current US$ per US$ of GDP (2025)
- Services, value added (current US$), per capita 65,116 current US$ per person (2025)
- Services, value added (current LCU), annual growth rate 9.72 % change on previous year (2025)
- Services, value added (current LCU), per unit of GDP 85.06 current LCU per US$ of GDP (2025)
- Services, value added (current LCU), per capita 8.36 million current LCU per person (2025)
- Services, value added (constant 2015 US$), annual growth rate 2.16 % change on previous year (2025)
- Services, value added (constant 2015 US$), per unit of GDP 0.3978 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is discrepancy in expenditure estimate of gdp in Iceland?
- Discrepancy in expenditure estimate of gdp in Iceland was 0 current LCU in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest discrepancy in expenditure estimate of gdp recorded in Iceland?
- The highest recorded value was 374.14 million current LCU in 1994.
- What is the lowest discrepancy in expenditure estimate of gdp recorded in Iceland?
- The lowest recorded value was -2.09 billion current LCU in 1991.
- How does Iceland rank for discrepancy in expenditure estimate of gdp?
- Iceland ranks 76th out of 185 countries with data for 2025.
- Where does this Iceland data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Discrepancy in expenditure estimate of GDP (current LCU). Statizoid updates them automatically from the source API.
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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.