Late-demographic dividend | 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
Late-demographic dividend
Records
63
Source
Create chart Download showed records Download Full dataset
Late-demographic dividend | General government final consumption expenditure (% of GDP)
13.96127274 1960
15.29361303 1961
13.94132267 1962
14.60536682 1963
13.99017805 1964
13.56221366 1965
13.86922706 1966
12.95954264 1967
13.26228481 1968
13.731076 1969
13.44327237 1970
14.43457137 1971
14.58804652 1972
13.83397621 1973
14.10217399 1974
14.38844924 1975
14.82072365 1976
14.67163233 1977
15.15172507 1978
15.43377166 1979
15.29167571 1980
15.05290606 1981
15.56761261 1982
15.973432 1983
16.51843855 1984
16.26007559 1985
16.31537693 1986
15.24982732 1987
15.10778876 1988
16.36512387 1989
17.74626317 1990
16.07939624 1991
15.26132752 1992
16.52772021 1993
16.1288065 1994
16.69823666 1995
16.34393878 1996
16.67007818 1997
16.76955239 1998
16.60337571 1999
16.24024444 2000
16.3872665 2001
16.43764178 2002
16.01485763 2003
15.41176855 2004
15.44288034 2005
15.45739247 2006
15.40567925 2007
15.440632 2008
16.31887138 2009
15.83270355 2010
15.8370866 2011
16.0720275 2012
16.31432592 2013
16.23146724 2014
16.41791789 2015
16.62233893 2016
16.54728715 2017
16.49383909 2018
16.75759263 2019
17.38984308 2020
16.07350718 2021
15.95931397 2022
Late-demographic dividend | 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
Late-demographic dividend
Records
63
Source
Create chart Download showed records Download Full dataset