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$)
year value
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
1987
1988
1989 124609245524.19
1990 155549906535.41
1991 149425274958.4
1992 154895374428.38
1993 204406114376.96
1994 236066994314.2
1995 289341926263.3
1996 303548145883.07
1997 333305744945.07
1998 341212133535
1999 297581379089.91
2000 316384632688.78
2001 313324324433.84
2002 281554245973.51
2003 290105850772.24
2004 324905926629.61
2005 399787603033.65
2006 472073588448.59
2007 568506158244.53
2008 672622139493.97
2009 688865790837.47
2010 827454852864.54
2011 943594278723.09
2012 949593011760.91
2013 990159600257.44
2014 1025725265669.2
2015 873629386138.15
2016 861102709026.39
2017 955789701041.07
2018 907582850061.02
2019 898554630824.51
2020 802657282811.72
2021 1009575630204.1
2022 1111723944988.6

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