Ecuador | 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 Ecuador
Records
63
Source
Ecuador | General government final consumption expenditure (constant 2015 US$)
year value
1960 1220400522.9674
1961 1333052878.9357
1962 1377067323.9716
1963 1342286678.6093
1964 1506648312.7387
1965 1600525276.0228
1966 1619901204.217
1967 1717384205.1888
1968 1828009782.5082
1969 1982203150.9175
1970 2050047631.0257
1971 2071843840.0401
1972 2102765698.0486
1973 2386688307.4811
1974 3996850925.5602
1975 4192910089.9546
1976 4615274404.0978
1977 4815094649.3145
1978 5186742519.2952
1979 5240764445.912
1980 5437212168.6744
1981 5485030843.0364
1982 5520389654.5214
1983 5717301184.6314
1984 5757805658.1655
1985 5771052214.9213
1986 5798757521.0879
1987 5717172577.2843
1988 5693599124.1855
1989 6149253586.9532
1990 6100953319.1211
1991 6212740467.0545
1992 6261468969.9894
1993 6383803288.5519
1994 6377078766.0922
1995 6355210044.4247
1996 6074776251.3242
1997 6505189469.9701
1998 6354193499.1169
1999 6172151167.3979
2000 6419294811.8738
2001 6205950272.758
2002 6352617375.0328
2003 6425855154.7415
2004 6713775537.2416
2005 6952171145.7852
2006 7216010486.6143
2007 7626427999.1058
2008 8470774909.8406
2009 9454355691.8179
2010 9869252570.8472
2011 10727606737.115
2012 11919564257.383
2013 13147724745.874
2014 14026851735.031
2015 14327128000
2016 14302637877.512
2017 14762491233.348
2018 15278536422.742
2019 14974990247.564
2020 14216064610.435
2021 13975634543.113
2022 14598358158.8

Ecuador | 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 Ecuador
Records
63
Source