Greece - General government final consumption expenditure (% of GDP)

General government final consumption expenditure (% of GDP) in Greece was 22.77 as of 2020. Its highest value over the past 60 years was 23.31 in 2009, while its lowest value was 11.07 in 1973.

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
1960 12.29
1961 11.69
1962 12.16
1963 11.59
1964 11.96
1965 11.94
1966 11.98
1967 13.31
1968 13.19
1969 12.81
1970 12.64
1971 12.43
1972 11.97
1973 11.07
1974 13.63
1975 14.85
1976 14.57
1977 15.43
1978 15.22
1979 15.64
1980 15.63
1981 17.18
1982 17.40
1983 17.99
1984 18.55
1985 19.28
1986 18.28
1987 18.62
1988 16.38
1989 17.39
1990 17.48
1991 16.49
1992 15.95
1993 16.60
1994 15.98
1995 17.79
1996 17.61
1997 17.68
1998 17.50
1999 17.98
2000 18.26
2001 18.71
2002 19.23
2003 18.96
2004 19.16
2005 20.02
2006 20.16
2007 20.52
2008 20.72
2009 23.31
2010 22.36
2011 22.10
2012 22.26
2013 20.72
2014 20.59
2015 20.65
2016 20.61
2017 20.49
2018 19.78
2019 20.03
2020 22.77

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