🇨🇦 Canada Discrepancy in expenditure estimate of GDP

Canada Discrepancy in expenditure estimate of GDP was -1,138,000 in 2024, down 1.5% from 2023, according to World Bank data. The 10-year average is -1,045,900. Historical data available from 1961 to 2024 (64 data points). The all-time high was -177,000 in 1961.

Source: World Bank World Development Indicators • 1961202464 data pointsEconomy & Growth

Latest Value
-1,138,000
2024
Year-on-Year
-1.5%
vs 2023
10-Year Average
-1,045,900
20152024
Range
High: -177,000 (1961)
Low: -1,138,000 (2024)

Canada Discrepancy in expenditure estimate of GDP (constant LCU)1961 to 2024

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About this Indicator

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.

Historical Data Table

YearValue
2024-1,138,000
2023-1,121,000
2022-1,104,000
2021-1,060,000
2020-1,000,000
2019-1,053,000
2018-1,034,000
2017-1,006,000
2016-976,000
2015-967,000

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