Latin America & Caribbean | General government final consumption expenditure (current 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 current U.S. dollars. 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
Latin America & Caribbean
Records
63
Source
Latin America & Caribbean | General government final consumption expenditure (current US$)
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124609245524.19 1989
155549906535.41 1990
149425274958.4 1991
154895374428.38 1992
204406114376.96 1993
236066994314.2 1994
289341926263.3 1995
303548145883.07 1996
333305744945.07 1997
341212133535 1998
297581379089.91 1999
316384632688.78 2000
313324324433.84 2001
281554245973.51 2002
290105850772.24 2003
324905926629.61 2004
399787603033.65 2005
472073588448.59 2006
568506158244.53 2007
672622139493.97 2008
688865790837.47 2009
827454852864.54 2010
943594278723.09 2011
949593011760.91 2012
990159600257.44 2013
1025725265669.2 2014
873629386138.15 2015
861102709026.39 2016
955789701041.07 2017
907582850061.02 2018
898554630824.51 2019
802657282811.72 2020
1009575630204.1 2021
1111723944988.6 2022

Latin America & Caribbean | General government final consumption expenditure (current 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 current U.S. dollars. 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
Latin America & Caribbean
Records
63
Source