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

General government final consumption expenditure (% of GDP) in Belgium was 24.76 as of 2020. Its highest value over the past 50 years was 24.76 in 2020, while its lowest value was 16.79 in 1970.

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
1970 16.79
1971 17.77
1972 18.29
1973 18.57
1974 18.93
1975 21.15
1976 21.31
1977 21.84
1978 22.63
1979 22.97
1980 22.87
1981 24.10
1982 23.76
1983 23.42
1984 23.35
1985 22.83
1986 22.69
1987 22.52
1988 21.14
1989 20.46
1990 20.22
1991 20.86
1992 20.96
1993 21.29
1994 21.10
1995 21.30
1996 21.72
1997 21.15
1998 21.09
1999 21.28
2000 21.04
2001 21.31
2002 22.14
2003 22.48
2004 22.20
2005 22.09
2006 21.94
2007 21.62
2008 22.67
2009 24.19
2010 23.73
2011 24.05
2012 24.30
2013 24.31
2014 24.23
2015 23.62
2016 23.26
2017 23.03
2018 23.09
2019 22.97
2020 24.76

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