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

General government final consumption expenditure (% of GDP) in Australia was 20.86 as of 2020. Its highest value over the past 60 years was 20.86 in 2020, while its lowest value was 11.19 in 1960.

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 11.19
1961 11.43
1962 12.07
1963 11.79
1964 11.47
1965 12.00
1966 12.92
1967 12.89
1968 13.73
1969 13.17
1970 13.29
1971 14.03
1972 14.54
1973 14.74
1974 14.58
1975 16.94
1976 18.03
1977 17.61
1978 17.99
1979 17.52
1980 17.37
1981 17.97
1982 17.90
1983 18.82
1984 18.48
1985 19.06
1986 19.14
1987 19.09
1988 18.20
1989 17.52
1990 17.37
1991 18.33
1992 19.18
1993 19.07
1994 18.51
1995 18.16
1996 18.10
1997 17.77
1998 17.75
1999 18.14
2000 17.92
2001 17.90
2002 17.69
2003 17.73
2004 17.61
2005 17.67
2006 17.59
2007 17.46
2008 17.38
2009 17.72
2010 18.11
2011 17.93
2012 18.15
2013 18.07
2014 17.97
2015 18.35
2016 19.09
2017 19.04
2018 19.11
2019 19.47
2020 20.86

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