World | General government final consumption expenditure (current US$)
General government final consumption expenditure (formerly general government consumption) includes all government current expenditures for purchases of goods and services (including compensation of employees). It also includes most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation. Data are in current U.S. dollars. Limitations and exceptions: Because policymakers have tended to focus on fostering the growth of output, and because data on production are easier to collect than data on spending, many countries generate their primary estimate of GDP using the production approach. Moreover, many countries do not estimate all the components of national expenditures but instead derive some of the main aggregates indirectly using GDP (based on the production approach) as the control total. Statistical concept and methodology: Gross domestic product (GDP) from the expenditure side is made up of household final consumption expenditure, general government final consumption expenditure, gross capital formation (private and public investment in fixed assets, changes in inventories, and net acquisitions of valuables), and net exports (exports minus imports) of goods and services. Such expenditures are recorded in purchaser prices and include net taxes on products.
Publisher
The World Bank
Origin
World
Records
63
Source
World | General government final consumption expenditure (current US$)
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970 475337386727.17
1971 539098893140.44
1972 621517107042.1
1973 736428182696.45
1974 864720026696.49
1975 1029584326266.7
1976 1100493161271.8
1977 1233970478435.7
1978 1467054349763.4
1979 1690417701717.3
1980 1936348193280
1981 1988693886472
1982 2016971109467.3
1983 2065715594252.9
1984 2087432806531.4
1985 2180307738863.1
1986 2612922594422.8
1987 2989569537926.4
1988 3269095338192.5
1989 3385236787930.6
1990 3857681739054.2
1991 4059287957193.2
1992 4367165554957.1
1993 4439939393328.9
1994 4652344132192.1
1995 5156221481425.1
1996 5213110047208.7
1997 5122870726158.4
1998 5115575160054.6
1999 5312241649913.1
2000 5422976669848.4
2001 5517174643540.4
2002 5869619493002.9
2003 6682282003086.2
2004 7465967705027.9
2005 8014859282793.7
2006 8604526477347.9
2007 9656277908576.1
2008 10843982032708
2009 10973270656785
2010 11678148785991
2011 12802940459746
2012 12958858853845
2013 13261511284940
2014 13502764177187
2015 12612662645484
2016 12813104056863
2017 13488058385536
2018 14322470517916
2019 14635593440458
2020 15190164202032
2021 16727271827462
2022 16573910474816
World | 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
World
Records
63
Source