Guinea | 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 Guinea
Records
63
Source
Guinea | 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
1978
1979
1980
1981
1982
1983
1984
1985
1986 11.441951
1987 11.92308484
1988 11.18096543
1989 11.68958232
1990 10.95410395
1991 9.95072034
1992 8.64000899
1993 8.33507263
1994 7.85863366
1995 7.51734474
1996 7.47269365
1997 7.38656972
1998 6.80578126
1999 6.95785078
2000 7.08418079
2001 7.34881636
2002 8.19161826
2003 8.17941177
2004 6.94861038
2005 6.98778053
2006 6.27443869
2007 6.77831468
2008 5.96892051
2009 9.96469666
2010 12.5681988
2011 14.98158222
2012 14.47549515
2013 18.87341802
2014 17.79314522
2015 19.50189414
2016 16.88354428
2017 15.27602158
2018 15.48190477
2019 15.40232525
2020 17.30373936
2021 16.33524033
2022 16.59379445

Guinea | 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 Guinea
Records
63
Source