Upper 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
Upper middle income
Records
63
Source
Upper middle income | General government final consumption expenditure (current US$)
1960 28112084008.869
1961 28271840782.119
1962 26583663675.799
1963 30254793183.311
1964 33964996570.562
1965 37398138943.415
1966 41545783936.36
1967 39537186989.083
1968 41557866063.173
1969 47934236083.727
1970 53217264572.279
1971 60740625406.646
1972 70249512493.76
1973 86872341256.565
1974 105762170286.1
1975 127050663687.37
1976 138544098180.14
1977 152506444109.73
1978 187513352786.28
1979 231206601718.64
1980 274509531136.89
1981 297435422324.06
1982 289737118200.71
1983 292654203978.86
1984 307428867764.62
1985 288584238782.01
1986 285383387566.87
1987 308538906951.13
1988 334425957457.33
1989 364173245472.55
1990 410645445089.85
1991 369345248919.33
1992 373214287810.87
1993 470230494143.85
1994 474048158147.59
1995 553401485966.35
1996 591064646452.29
1997 639120534323.24
1998 620427295680.2
1999 588486086185.35
2000 641990475758.93
2001 656684968164
2002 669542237958.15
2003 742698911643.96
2004 868279276980.56
2005 1043443422852.1
2006 1252966231515.3
2007 1564111707133.1
2008 1921632305702.3
2009 1984265151379.1
2010 2353286636046.9
2011 2869854716542.8
2012 3118804604150.1
2013 3385040267325.5
2014 3471074471011.3
2015 3310144683788.2
2016 3334009360330.3
2017 3662640069293.2
2018 3926236423316.8
2019 4054564495376.6
2020 4079586439294.2
2021 4597121267418.8
2022 4819681200236.3

Upper 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
Upper middle income
Records
63
Source