Bahamas, The | General government final consumption expenditure (% of GDP)
General government final consumption expenditure (formerly general government consumption) includes all government current expenditures for purchases of goods and services (including compensation of employees). It also includes most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation. Limitations and exceptions: Because policymakers have tended to focus on fostering the growth of output, and because data on production are easier to collect than data on spending, many countries generate their primary estimate of GDP using the production approach. Moreover, many countries do not estimate all the components of national expenditures but instead derive some of the main aggregates indirectly using GDP (based on the production approach) as the control total. Statistical concept and methodology: Gross domestic product (GDP) from the expenditure side is made up of household final consumption expenditure, general government final consumption expenditure, gross capital formation (private and public investment in fixed assets, changes in inventories, and net acquisitions of valuables), and net exports (exports minus imports) of goods and services. Such expenditures are recorded in purchaser prices and include net taxes on products.
Publisher
The World Bank
Origin
Commonwealth of The Bahamas
Records
63
Source
Create chart Download showed records Download Full dataset
Bahamas, The | General government final consumption expenditure (% of GDP)
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
15.32959327 1977
15.42527631 1978
12.61624736 1979
12.50655283 1980
13.83105503 1981
13.23575999 1982
13.73499538 1983
12.93420215 1984
12.45744872 1985
12.13751264 1986
12.02652955 1987
1988
13.56205095 1989
12.85912824 1990
14.16127747 1991
13.74300418 1992
12.87160414 1993
14.81067812 1994
13.88743074 1995
14.32169576 1996
10.03575286 1997
9.5240604 1998
9.18157127 1999
9.25404292 2000
9.64674681 2001
9.52916061 2002
9.72143462 2003
10.02397494 2004
9.75173339 2005
10.23875679 2006
10.09762355 2007
11.18468554 2008
12.67286184 2009
12.51713591 2010
13.75906737 2011
13.08813104 2012
12.93059497 2013
12.20250027 2014
11.52841196 2015
10.83670899 2016
11.89537683 2017
11.46235064 2018
12.52038871 2019
15.58136674 2020
14.11135015 2021
13.81906431 2022
Bahamas, The | General government final consumption expenditure (% of GDP)
General government final consumption expenditure (formerly general government consumption) includes all government current expenditures for purchases of goods and services (including compensation of employees). It also includes most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation. Limitations and exceptions: Because policymakers have tended to focus on fostering the growth of output, and because data on production are easier to collect than data on spending, many countries generate their primary estimate of GDP using the production approach. Moreover, many countries do not estimate all the components of national expenditures but instead derive some of the main aggregates indirectly using GDP (based on the production approach) as the control total. Statistical concept and methodology: Gross domestic product (GDP) from the expenditure side is made up of household final consumption expenditure, general government final consumption expenditure, gross capital formation (private and public investment in fixed assets, changes in inventories, and net acquisitions of valuables), and net exports (exports minus imports) of goods and services. Such expenditures are recorded in purchaser prices and include net taxes on products.
Publisher
The World Bank
Origin
Commonwealth of The Bahamas
Records
63
Source
Create chart Download showed records Download Full dataset