Guyana | 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
Co-operative Republic of Guyana
Records
63
Source
Guyana | General government final consumption expenditure (% of GDP)
year value
1960 11.44619602
1961 11.92718142
1962 11.54997008
1963 12.14736143
1964 13.95627433
1965 15.00689655
1966 15.20061728
1967 15.65953445
1968 15.21218716
1969 15.86442038
1970 16.97162061
1971 18.02871831
1972 19.50609044
1973 24.76736973
1974 16.98963025
1975 19.61263158
1976 28.17533668
1977 25.78465369
1978 23.34937288
1979 26.24236483
1980 24.20424403
1981 29.05447896
1982 25.79529737
1983 27.11171662
1984 18.09981851
1985 18.05128205
1986 31.47465583
1987 27.39568266
1988 28.10536801
1989 16.46660212
1990 13.61634205
1991 14.92326669
1992 16.75118757
1993 15.1968742
1994 15.4916245
1995 15.00628662
1996 16.21351183
1997 17.53744962
1998 18.43743647
1999 18.97602483
2000 24.67210605
2001 25.08069478
2002 25.72755157
2003 28.00870585
2004 27.1793843
2005 26.914049
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022

Guyana | 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
Co-operative Republic of Guyana
Records
63
Source