Venezuela, RB | General government final consumption expenditure (% of GDP)

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. 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
Bolivarian Republic of Venezuela
Records
63
Source
Venezuela, RB | General government final consumption expenditure (% of GDP)
1960 13.46655759
1961 11.35139136
1962 11.28027096
1963 12.05399863
1964 11.13168897
1965 11.48213579
1966 11.99944326
1967 12.08888889
1968 12.21525855
1969 12.75392693
1970 12.27621336
1971 13.20942931
1972 13.37403662
1973 12.68180143
1974 11.03622788
1975 13.0283324
1976 14.18181549
1977 14.2941184
1978 13.79468828
1979 12.94988375
1980 13.36182784
1981 14.4538372
1982 14.15311672
1983 13.75786597
1984 9.97721819
1985 10.10851205
1986 10.82320738
1987 9.88168076
1988 10.18846124
1989 9.24984822
1990 8.14378432
1991 9.34124929
1992 8.88702676
1993 8.26862891
1994 6.99398698
1995 6.8927893
1996 4.85079328
1997 13.53219266
1998 13.46771528
1999 12.3169724
2000 12.44978451
2001 14.23723891
2002 13.00735479
2003 12.87077696
2004 11.95591617
2005 11.05590422
2006 11.71067812
2007 12.47106949
2008 11.85800259
2009 13.70029943
2010 11.20953884
2011 11.51779501
2012 12.19195822
2013 12.38882101
2014 14.60335378
2015
2016
2017
2018
2019
2020
2021
2022

Venezuela, RB | General government final consumption expenditure (% of GDP)

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. 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
Bolivarian Republic of Venezuela
Records
63
Source