Belize - General government final consumption expenditure (current US$)

The latest value for General government final consumption expenditure (current US$) in Belize was $327,824,200 as of 2020. Over the past 40 years, the value for this indicator has fluctuated between $365,584,600 in 2019 and $30,598,840 in 1980.

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. Data are in current U.S. dollars.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1980 $30,598,840
1981 $32,356,140
1982 $34,214,350
1983 $36,179,280
1984 $38,257,060
1985 $40,454,160
1986 $42,777,440
1987 $45,234,150
1988 $47,831,940
1989 $50,578,930
1990 $53,483,680
1991 $58,200,000
1992 $70,083,550
1993 $83,084,450
1994 $88,794,350
1995 $88,563,700
1996 $90,697,100
1997 $95,077,100
1998 $98,749,700
1999 $98,945,900
2000 $107,405,600
2001 $114,144,000
2002 $133,424,000
2003 $144,803,500
2004 $147,663,100
2005 $161,002,100
2006 $172,585,400
2007 $194,060,000
2008 $210,449,200
2009 $212,627,800
2010 $222,794,800
2011 $229,362,400
2012 $235,177,900
2013 $245,251,900
2014 $255,498,200
2015 $271,896,000
2016 $301,518,300
2017 $309,189,100
2018 $340,128,500
2019 $365,584,600
2020 $327,824,200

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: Gap-filled total

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts