Hong Kong SAR, China | 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
Hong Kong Special Administrative Region of the People's Republic of China
Records
63
Source
Hong Kong SAR, China | General government final consumption expenditure (% of GDP)
1960 7.81918331
1961 6.31790744
1962 5.73270404
1963 5.44739618
1964 5.4256393
1965 5.17451444
1966 5.69948187
1967 6.02261712
1968 6.19972177
1969 5.77249576
1970 5.65653943
1971 5.25467561
1972 5.29599851
1973 5.19031142
1974 5.82557155
1975 5.99528121
1976 5.44524669
1977 5.57966268
1978 5.69933086
1979 5.50709462
1980 5.62042627
1981 6.82344537
1982 7.23961123
1983 7.39089014
1984 6.7807414
1985 7.00540758
1986 6.9788628
1987 6.28011247
1988 6.11488255
1989 6.32923188
1990 6.83664411
1991 7.12850578
1992 7.62417454
1993 7.47628919
1994 7.54184888
1995 8.02694534
1996 8.14433081
1997 8.04386916
1998 9.02471879
1999 9.61198993
2000 9.3677687
2001 10.20374797
2002 10.63552297
2003 10.99310956
2004 10.35377984
2005 9.24606533
2006 8.76954218
2007 8.41838527
2008 8.66870436
2009 9.19165042
2010 8.85932359
2011 8.71145505
2012 9.09693828
2013 9.28642079
2014 9.4785631
2015 9.64286906
2016 9.95636389
2017 9.83027217
2018 9.9251295
2019 10.8764361
2020 12.74582899
2021 12.67757745
2022 14.32975189

Hong Kong SAR, China | 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
Hong Kong Special Administrative Region of the People's Republic of China
Records
63
Source