Congo - General government final consumption expenditure (constant 2010 US$)

The latest value for General government final consumption expenditure (constant 2010 US$) in Congo was 1,315,802,000 as of 2020. Over the past 60 years, the value for this indicator has fluctuated between 2,683,370,000 in 2014 and 111,841,200 in 1996.

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 constant 2010 U.S. dollars.

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

See also:

Year Value
1960 113,253,600
1961 116,634,400
1962 126,776,500
1963 131,847,500
1964 141,989,600
1965 147,060,700
1966 162,746,900
1967 171,570,300
1968 185,296,000
1969 191,178,800
1970 219,610,100
1971 232,355,900
1972 246,080,900
1973 259,806,600
1974 275,493,400
1975 290,199,000
1976 283,336,200
1977 282,356,300
1978 298,042,500
1979 316,670,400
1980 358,827,400
1981 375,494,200
1982 470,971,700
1983 548,267,300
1984 616,390,700
1985 658,313,600
1986 644,557,800
1987 556,127,600
1988 537,786,700
1989 562,678,000
1990 596,438,700
1991 823,183,700
1992 760,975,500
1993 755,940,200
1994 565,383,000
1995 391,924,400
1996 111,841,200
1997 557,920,900
1998 931,792,800
1999 379,302,100
2000 440,201,900
2001 454,076,000
2002 1,204,065,000
2003 1,080,786,000
2004 1,086,859,000
2005 1,203,494,000
2006 1,342,002,000
2007 1,724,997,000
2008 1,529,305,000
2009 1,419,754,000
2010 1,580,984,000
2011 2,146,807,000
2012 2,400,336,000
2013 2,478,716,000
2014 2,683,370,000
2015 2,399,730,000
2016 2,069,234,000
2017 1,720,617,000
2018 1,640,107,000
2019 1,334,015,000
2020 1,315,802,000

Development Relevance: An economy's growth is measured by the change in the volume of its output or in the real incomes of its residents. The 2008 United Nations System of National Accounts (2008 SNA) offers three plausible indicators for calculating growth: the volume of gross domestic product (GDP), real gross domestic income, and real gross national income. The volume of GDP is the sum of value added, measured at constant prices, by households, government, and industries operating in the economy. GDP accounts for all domestic production, regardless of whether the income accrues to domestic or foreign institutions.

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. Measures of growth in consumption and capital formation are subject to two kinds of inaccuracy. The first stems from the difficulty of measuring expenditures at current price levels. The second arises in deflating current price data to measure volume growth, where results depend on the relevance and reliability of the price indexes and weights used. Measuring price changes is more difficult for investment goods than for consumption goods because of the one-time nature of many investments and because the rate of technological progress in capital goods makes capturing change in quality difficult. (An example is computers - prices have fallen as quality has improved.) To obtain government consumption in constant prices, countries may deflate current values by applying a wage (price) index or extrapolate from the change in government employment. Neither technique captures improvements in productivity or changes in the quality of government services.

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

Base Period: 2010

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts