Hong Kong SAR, China - General government final consumption expenditure (current US$)

The latest value for General government final consumption expenditure (current US$) in Hong Kong SAR, China was $44,055,200,000 as of 2020. Over the past 60 years, the value for this indicator has fluctuated between $44,055,200,000 in 2020 and $87,419,730 in 1961.

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
1960 $103,275,500
1961 $87,419,730
1962 $92,431,050
1963 $105,423,400
1964 $119,714,900
1965 $126,003,500
1966 $141,908,300
1967 $162,157,500
1968 $168,444,200
1969 $184,127,600
1970 $214,991,900
1971 $235,199,400
1972 $302,407,200
1973 $416,788,100
1974 $546,943,300
1975 $602,407,200
1976 $701,149,900
1977 $877,091,400
1978 $1,043,833,000
1979 $1,240,530,000
1980 $1,622,154,000
1981 $2,119,049,000
1982 $2,337,765,000
1983 $2,210,400,000
1984 $2,272,320,000
1985 $2,500,899,000
1986 $2,866,608,000
1987 $3,179,154,000
1988 $3,651,038,000
1989 $4,353,902,000
1990 $5,259,314,000
1991 $6,341,492,000
1992 $7,949,900,000
1993 $8,998,009,000
1994 $10,242,740,000
1995 $11,611,210,000
1996 $13,007,900,000
1997 $14,266,030,000
1998 $15,241,500,000
1999 $15,933,610,000
2000 $16,081,480,000
2001 $17,285,480,000
2002 $17,692,110,000
2003 $17,741,180,000
2004 $17,508,220,000
2005 $16,788,090,000
2006 $16,972,240,000
2007 $17,813,080,000
2008 $19,008,710,000
2009 $19,674,400,000
2010 $20,255,750,000
2011 $21,649,150,000
2012 $23,891,240,000
2013 $25,602,370,000
2014 $27,626,160,000
2015 $29,833,460,000
2016 $31,945,810,000
2017 $33,548,090,000
2018 $35,902,280,000
2019 $39,489,650,000
2020 $44,055,200,000

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