Dominican Republic | 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
Dominican Republic
Records
63
Source
Dominican Republic | General government final consumption expenditure (constant 2015 US$)
1960 477873468.44277
1961 485476845.81553
1962 682785003.01947
1963 770984450.65643
1964 808241047.31895
1965 853861441.26364
1966 738831661.49718
1967 652492738.82789
1968 676616402.52208
1969 714875756.49464
1970 778521248.50087
1971 722889552.75203
1972 719341650.87938
1973 736304858.63435
1974 1010143754.0848
1975 811814457.86686
1976 609791507.8373
1977 685625672.68808
1978 793301333.0479
1979 963751199.4571
1980 1180070797.6672
1981 1503266259.7996
1982 1527256964.1821
1983 1572522410.4965
1984 1565649879.9726
1985 1634083461.8426
1986 1750868366.4797
1987 1350124126.2876
1988 1341161559.3267
1989 1501002958.8345
1990 1582485357.9673
1991 1598310199.405
1992 1901558681.8704
1993 2227722398.1553
1994 2513147051.7079
1995 2318665934.3346
1996 2518804876.3911
1997 2854993979.1439
1998 3079106527.6782
1999 3248853379.7822
2000 3401225675.5337
2001 3733400869.2184
2002 4051182365.8036
2003 3724551932.7712
2004 3959046326.6946
2005 4341414366.9957
2006 4810095776.9119
2007 5275028952.8109
2008 5419160757.9576
2009 5676346918.0155
2010 5953434416.6758
2011 5797334448.6615
2012 6177915831.339
2013 6565913318.9738
2014 6849230039.9535
2015 7321968248.1484
2016 7464687137.1868
2017 7526397727.1926
2018 7738443225.6793
2019 8229413530.0772
2020 8635361137.6535
2021 8640670240.1843
2022 8975425821.7202

Dominican Republic | 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
Dominican Republic
Records
63
Source