Luxembourg | 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
Grand Duchy of Luxembourg
Records
63
Source
Luxembourg | General government final consumption expenditure (current US$)
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970 154667204.51795
1971 179702022.28642
1972 225761158.46393
1973 297264541.50279
1974 368540803.6454
1975 471079302.40211
1976 509491118.07732
1977 607854811.48002
1978 745606506.98091
1979 890513208.58558
1980 1014764795.1442
1981 888791829.63929
1982 764110895.28518
1983 720959368.83629
1984 688894861.77046
1985 727859229.56723
1986 1039243272.5302
1987 1367869259.8595
1988 1472166758.0911
1989 1528467444.7174
1990 1990356108.1603
1991 2086509155.3455
1992 2434840652.4467
1993 2483626399.2537
1994 2682449963.8293
1995 3274261083.7438
1996 3355826710.0977
1997 3078940009.0212
1998 3075841298.0662
1999 3282279186.9602
2000 3077416054.9051
2001 3279397670.411
2002 3773528487.9518
2003 4856346435.5047
2004 5742080727.5603
2005 6246977854.6552
2006 6510056403.4094
2007 7443477374.3922
2008 8526075346.7375
2009 8758889098.1168
2010 8873827685.7334
2011 9899038720.3405
2012 9745995732.4688
2013 10660958890.595
2014 11044172430.204
2015 9592329200.3109
2016 9752010132.1693
2017 10658095675.935
2018 11930663792.565
2019 12048416058.133
2020 13614083279.124
2021 14953208329.263
2022 14400564386.198

Luxembourg | 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
Grand Duchy of Luxembourg
Records
63
Source