Benin - General government final consumption expenditure (constant 2010 US$)

The latest value for General government final consumption expenditure (constant 2010 US$) in Benin was 1,672,929,000 as of 2020. Over the past 60 years, the value for this indicator has fluctuated between 1,672,929,000 in 2020 and 184,983,300 in 1966.

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 constant 2010 U.S. dollars.

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

See also:

Year Value
1960 188,031,900
1961 194,147,100
1962 200,261,900
1963 206,376,600
1964 189,560,900
1965 192,626,900
1966 184,983,300
1967 209,443,900
1968 212,501,200
1969 217,087,500
1970 241,541,700
1971 242,668,400
1972 264,216,300
1973 278,318,500
1974 260,606,200
1975 250,452,700
1976 227,550,900
1977 196,752,100
1978 196,639,000
1979 212,207,900
1980 249,324,600
1981 272,000,500
1982 210,165,900
1983 280,221,200
1984 284,711,900
1985 324,230,400
1986 316,596,100
1987 311,656,300
1988 250,582,500
1989 246,240,600
1990 387,495,600
1991 371,583,600
1992 369,252,200
1993 369,317,800
1994 385,199,300
1995 397,004,000
1996 406,025,000
1997 422,187,200
1998 444,090,900
1999 453,729,500
2000 477,812,000
2001 527,153,700
2002 544,450,700
2003 625,072,900
2004 663,794,600
2005 692,158,500
2006 756,054,300
2007 786,835,200
2008 902,178,300
2009 990,408,800
2010 1,002,412,000
2011 1,035,966,000
2012 1,085,349,000
2013 1,171,057,000
2014 1,144,270,000
2015 1,299,546,000
2016 1,218,244,000
2017 1,303,161,000
2018 1,381,350,000
2019 1,461,825,000
2020 1,672,929,000

Development Relevance: An economy's growth is measured by the change in the volume of its output or in the real incomes of its residents. The 2008 United Nations System of National Accounts (2008 SNA) offers three plausible indicators for calculating growth: the volume of gross domestic product (GDP), real gross domestic income, and real gross national income. The volume of GDP is the sum of value added, measured at constant prices, by households, government, and industries operating in the economy. GDP accounts for all domestic production, regardless of whether the income accrues to domestic or foreign institutions.

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. Measures of growth in consumption and capital formation are subject to two kinds of inaccuracy. The first stems from the difficulty of measuring expenditures at current price levels. The second arises in deflating current price data to measure volume growth, where results depend on the relevance and reliability of the price indexes and weights used. Measuring price changes is more difficult for investment goods than for consumption goods because of the one-time nature of many investments and because the rate of technological progress in capital goods makes capturing change in quality difficult. (An example is computers - prices have fallen as quality has improved.) To obtain government consumption in constant prices, countries may deflate current values by applying a wage (price) index or extrapolate from the change in government employment. Neither technique captures improvements in productivity or changes in the quality of government services.

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

Base Period: 2010

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts