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
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
1977 15.32959327
1978 15.42527631
1979 12.61624736
1980 12.50655283
1981 13.83105503
1982 13.23575999
1983 13.73499538
1984 12.93420215
1985 12.45744872
1986 12.13751264
1987 12.02652955
1988
1989 13.56205095
1990 12.85912824
1991 14.16127747
1992 13.74300418
1993 12.87160414
1994 14.81067812
1995 13.88743074
1996 14.32169576
1997 10.03575286
1998 9.5240604
1999 9.18157127
2000 9.25404292
2001 9.64674681
2002 9.52916061
2003 9.72143462
2004 10.02397494
2005 9.75173339
2006 10.23875679
2007 10.09762355
2008 11.18468554
2009 12.67286184
2010 12.51713591
2011 13.75906737
2012 13.08813104
2013 12.93059497
2014 12.20250027
2015 11.52841196
2016 10.83670899
2017 11.89537683
2018 11.46235064
2019 12.52038871
2020 15.58136674
2021 14.11135015
2022 13.81906431

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