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

General government final consumption expenditure (% of GDP) in Belize was 20.03 as of 2020. Its highest value over the past 40 years was 20.03 in 2020, while its lowest value was 12.91 in 2000.

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
1980 15.46
1981 16.50
1982 18.78
1983 18.83
1984 17.85
1985 19.02
1986 18.47
1987 16.09
1988 14.94
1989 13.70
1990 12.98
1991 13.09
1992 13.52
1993 14.83
1994 15.28
1995 14.27
1996 14.13
1997 14.52
1998 14.33
1999 13.50
2000 12.91
2001 13.14
2002 14.42
2003 14.72
2004 14.04
2005 14.60
2006 14.26
2007 15.26
2008 15.57
2009 16.14
2010 16.18
2011 15.70
2012 15.44
2013 15.53
2014 15.32
2015 15.79
2016 16.85
2017 16.64
2018 17.75
2019 18.44
2020 20.03

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