Cyprus | 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
Republic of Cyprus
Records
63
Source
Create chart Download showed records Download Full dataset
Cyprus | General government final consumption expenditure (% of GDP)
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973
1974
17.47081487 1975
16.32225654 1976
13.99196275 1977
13.08983546 1978
12.78183387 1979
13.66565883 1980
14.61187282 1981
14.84047357 1982
15.12272398 1983
14.10946566 1984
14.06692672 1985
14.11081417 1986
16.61049215 1987
16.65915146 1988
15.98209745 1989
17.33771574 1990
18.45814405 1991
19.03703046 1992
16.8717747 1993
16.65707883 1994
12.41548924 1995
13.14994839 1996
14.78962581 1997
16.06441129 1998
16.06011615 1999
15.08638855 2000
15.93603723 2001
16.60936141 2002
17.91162643 2003
16.57712709 2004
16.5136248 2005
16.89873099 2006
16.44454792 2007
17.05193214 2008
18.77647889 2009
18.51985994 2010
19.08798516 2011
18.81406283 2012
18.45238171 2013
16.78699353 2014
16.35376149 2015
15.24676507 2016
14.82223347 2017
14.57575808 2018
16.0869057 2019
19.33618834 2020
19.00100411 2021
18.47535731 2022
Cyprus | 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
Republic of Cyprus
Records
63
Source
Create chart Download showed records Download Full dataset