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

General government final consumption expenditure (% of GDP) in Latvia was 20.23 as of 2020. Its highest value over the past 25 years was 23.55 in 1995, while its lowest value was 17.22 in 2006.

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
1995 23.55
1996 21.95
1997 21.02
1998 22.63
1999 22.54
2000 20.89
2001 20.54
2002 20.63
2003 21.10
2004 19.82
2005 17.87
2006 17.22
2007 17.62
2008 19.71
2009 19.04
2010 18.41
2011 18.81
2012 17.50
2013 17.86
2014 17.97
2015 18.37
2016 18.14
2017 18.29
2018 18.19
2019 19.30
2020 20.23

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