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

General government final consumption expenditure (% of GDP) in Barbados was 11.33 as of 2019. Its highest value over the past 44 years was 19.34 in 2003, while its lowest value was 11.33 in 2019.

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
1975 16.59
1976 17.33
1977 17.32
1978 17.06
1979 15.60
1980 12.68
1981 14.33
1982 14.05
1983 13.92
1984 14.31
1985 16.10
1986 15.06
1987 14.51
1988 14.74
1989 15.22
1990 14.19
1991 13.35
1992 12.18
1993 12.49
1994 12.12
1995 12.33
1996 13.30
1997 12.99
1998 13.42
1999 13.00
2000 13.54
2001 13.77
2002 14.64
2003 19.34
2004 17.67
2005 16.70
2006 14.51
2007 13.01
2008 13.32
2009 15.86
2010 15.43
2011 15.47
2012 15.22
2013 14.79
2014 14.35
2015 13.64
2016 13.43
2017 12.16
2018 11.82
2019 11.33

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