The Bahamas - General government final consumption expenditure (% of GDP)

General government final consumption expenditure (% of GDP) in The Bahamas was 15.93 as of 2020. Its highest value over the past 43 years was 15.93 in 2020, while its lowest value was 9.18 in 1999.

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
1977 15.33
1978 15.43
1979 12.62
1980 12.51
1981 13.83
1982 13.24
1983 13.74
1984 12.93
1985 12.46
1986 12.14
1987 12.03
1989 13.56
1990 12.86
1991 14.16
1992 13.74
1993 12.87
1994 14.81
1995 13.89
1996 14.32
1997 10.04
1998 9.52
1999 9.18
2000 9.25
2001 9.65
2002 9.53
2003 9.72
2004 10.02
2005 9.75
2006 10.24
2007 10.10
2008 11.18
2009 12.67
2010 12.52
2011 13.76
2012 13.09
2013 12.81
2014 12.02
2015 12.23
2016 11.53
2017 12.76
2018 12.30
2019 13.66
2020 15.93

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