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

General government final consumption expenditure (% of GDP) in Serbia was 17.49 as of 2020. Its highest value over the past 25 years was 24.19 in 2003, while its lowest value was 16.00 in 2016.

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 18.37
1996 18.25
1997 21.21
1998 19.89
1999 18.92
2000 19.34
2001 21.51
2002 24.05
2003 24.19
2004 22.63
2005 19.51
2006 20.39
2007 20.74
2008 20.13
2009 19.51
2010 19.14
2011 18.94
2012 18.97
2013 17.90
2014 18.05
2015 16.41
2016 16.00
2017 16.14
2018 16.54
2019 16.62
2020 17.49

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