Lower middle income | 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
Lower middle income
Records
63
Source
Lower middle income | General government final consumption expenditure (current US$)
1960 8506179332.8433
1961 8961428561.66
1962 9825012648.3458
1963 11924259017.171
1964 13138183548.469
1965 15133257931.695
1966 14595582603.11
1967 15114323493.179
1968 16930725647.823
1969 19075159573.831
1970 21215204360.009
1971 25013662449.821
1972 27916903743.967
1973 31751169993.149
1974 43440318533.495
1975 53068406266.228
1976 59647909353.457
1977 66640193531.128
1978 76604440651.395
1979 85361268204.256
1980 98929772153.375
1981 102442152950.58
1982 109318319235.01
1983 113604409112.04
1984 113601917205.14
1985 127322519337.41
1986 145327703716.17
1987 139204363016.92
1988 141520896412.67
1989 133234196808.82
1990 134878018586.3
1991 122382620908.4
1992 128184311399.34
1993 125740478331.28
1994 128604025936.41
1995 144097067700.46
1996 155033500279.01
1997 167411210974.42
1998 169161277314.86
1999 171691312874.51
2000 174003222260.44
2001 177844335556.42
2002 182729143692.17
2003 205992097468.79
2004 230503185709.42
2005 265757620321.31
2006 305830468820.73
2007 366080915490.52
2008 425618218765.79
2009 466323816156.63
2010 541813859718.74
2011 647612835620.3
2012 678385311936.73
2013 674819676621.71
2014 693703190565.83
2015 687224611413.49
2016 721380917914.66
2017 784280924369.96
2018 780630298914.89
2019 806896576754.61
2020 807071660809.63
2021 915151073466.71
2022 961414346781.92

Lower middle income | 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
Lower middle income
Records
63
Source