Namibia - General government final consumption expenditure (current US$)

The latest value for General government final consumption expenditure (current US$) in Namibia was $2,821,149,000 as of 2020. Over the past 40 years, the value for this indicator has fluctuated between $3,470,800,000 in 2018 and $343,706,700 in 1980.

Definition: 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.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1980 $343,706,700
1981 $466,322,100
1982 $457,513,700
1983 $510,098,600
1984 $435,341,000
1985 $353,050,700
1986 $416,919,300
1987 $566,659,800
1988 $583,569,500
1989 $557,207,900
1990 $654,822,200
1991 $759,733,200
1992 $915,077,100
1993 $838,044,200
1994 $858,357,600
1995 $987,956,400
1996 $988,029,400
1997 $1,024,994,000
1998 $937,925,700
1999 $957,689,900
2000 $918,686,000
2001 $809,609,600
2002 $722,268,400
2003 $1,094,971,000
2004 $1,345,765,000
2005 $1,396,478,000
2006 $1,555,535,000
2007 $2,083,075,000
2008 $1,851,926,000
2009 $2,105,528,000
2010 $2,879,483,000
2011 $2,862,329,000
2012 $3,256,665,000
2013 $3,364,895,000
2014 $3,447,954,000
2015 $3,086,409,000
2016 $2,893,582,000
2017 $3,301,664,000
2018 $3,470,800,000
2019 $3,220,157,000
2020 $2,821,149,000

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.

Aggregation method: Gap-filled total

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts