Costa Rica | General government final consumption expenditure (constant 2015 US$)

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. Data are in constant 2015 prices, expressed in U.S. dollars. Development relevance: An economy's growth is measured by the change in the volume of its output or in the real incomes of its residents. The 2008 United Nations System of National Accounts (2008 SNA) offers three plausible indicators for calculating growth: the volume of gross domestic product (GDP), real gross domestic income, and real gross national income. The volume of GDP is the sum of value added, measured at constant prices, by households, government, and industries operating in the economy. GDP accounts for all domestic production, regardless of whether the income accrues to domestic or foreign institutions. 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. Measures of growth in consumption and capital formation are subject to two kinds of inaccuracy. The first stems from the difficulty of measuring expenditures at current price levels. The second arises in deflating current price data to measure volume growth, where results depend on the relevance and reliability of the price indexes and weights used. Measuring price changes is more difficult for investment goods than for consumption goods because of the one-time nature of many investments and because the rate of technological progress in capital goods makes capturing change in quality difficult. (An example is computers - prices have fallen as quality has improved.) To obtain government consumption in constant prices, countries may deflate current values by applying a wage (price) index or extrapolate from the change in government employment. Neither technique captures improvements in productivity or changes in the quality of government services. 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
Republic of Costa Rica
Records
63
Source
Costa Rica | General government final consumption expenditure (constant 2015 US$)
1960 1152567656.1939
1961 1355473873.1454
1962 1472390094.8175
1963 1757137666.952
1964 1691136574.07
1965 1936660639.5299
1966 2024913529.5253
1967 2064137036.1109
1968 2101851946.3851
1969 2225934000.8653
1970 2487675477.873
1971 2786377566.7324
1972 2982495099.8381
1973 3163149519.8186
1974 3430171084.1828
1975 3624402871.677
1976 3907264698.2889
1977 4249338934.0792
1978 4405101513.2324
1979 4744912854.289
1980 4813931139.936
1981 4543892382.7712
1982 4428107608.4481
1983 4297991168.1889
1984 4465068220.4777
1985 4512211858.276
1986 4620453650.5086
1987 4722283908.1956
1988 4864091970.5349
1989 5034186215.6243
1990 5134885025.9444
1991 5088495686.3907
1992 5254290922.8805
1993 5539632586.8884
1994 5653336322.8582
1995 5630673117.8314
1996 5677912268.3741
1997 5910785619.5111
1998 6026075049.5064
1999 6139930988.9036
2000 6276201794.4666
2001 6552044899.7816
2002 6693133913.2093
2003 6821260086.9221
2004 6895312785.364
2005 6971070969.0559
2006 7194013526.6044
2007 7372929967.1618
2008 7759126191.6853
2009 8241248615.8054
2010 8597664860.717
2011 8689005183.2882
2012 8786534450.1541
2013 9082455456.7512
2014 9349707671.1207
2015 9572686312.1071
2016 9796975040.7986
2017 9989333025.6195
2018 10045462438.582
2019 10637786039.097
2020 10727375337.949
2021 10909166595.249
2022 11169370791.974

Costa Rica | General government final consumption expenditure (constant 2015 US$)

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. Data are in constant 2015 prices, expressed in U.S. dollars. Development relevance: An economy's growth is measured by the change in the volume of its output or in the real incomes of its residents. The 2008 United Nations System of National Accounts (2008 SNA) offers three plausible indicators for calculating growth: the volume of gross domestic product (GDP), real gross domestic income, and real gross national income. The volume of GDP is the sum of value added, measured at constant prices, by households, government, and industries operating in the economy. GDP accounts for all domestic production, regardless of whether the income accrues to domestic or foreign institutions. 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. Measures of growth in consumption and capital formation are subject to two kinds of inaccuracy. The first stems from the difficulty of measuring expenditures at current price levels. The second arises in deflating current price data to measure volume growth, where results depend on the relevance and reliability of the price indexes and weights used. Measuring price changes is more difficult for investment goods than for consumption goods because of the one-time nature of many investments and because the rate of technological progress in capital goods makes capturing change in quality difficult. (An example is computers - prices have fallen as quality has improved.) To obtain government consumption in constant prices, countries may deflate current values by applying a wage (price) index or extrapolate from the change in government employment. Neither technique captures improvements in productivity or changes in the quality of government services. 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
Republic of Costa Rica
Records
63
Source