No, that only applies to the indicated speed, the speedometer. There is no standard I am aware of, for the odometer accuracy. I have access three speedometers in my car - The default analogue dash, a digital version which is direct reading, and the satnav. The analogue dash reading is deliberately configured in the software which runs it, to read around 5% high. The other two are accurate. Likewise the odometer is accurate.
I also find the fuel range accurate, but it constantly revises itself, dependent on driving style, and the terrain. It bases the calculation, on knowing fast it is pumping the fuel/injector timings, versus distance covered. If I could be bothered - I have access to the software, which allows me to more precisely calibrate the calculation.