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