Small states - General government final consumption expenditure (% of GDP)

General government final consumption expenditure (% of GDP) in Small states was 21.85 as of 2020. Its highest value over the past 26 years was 21.85 in 2020, while its lowest value was 14.11 in 2008.

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.

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

See also:

Year Value
1994 20.34
1995 19.62
1996 19.61
1997 19.43
1998 20.17
1999 19.23
2000 17.81
2001 18.12
2002 17.86
2003 17.69
2004 16.36
2005 15.88
2006 15.65
2007 15.28
2008 14.11
2009 17.51
2010 16.57
2011 15.12
2012 15.62
2013 16.72
2014 17.49
2015 19.75
2016 19.49
2017 18.67
2018 18.03
2019 19.07
2020 21.85

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: Weighted average

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts