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

General government final consumption expenditure (% of GDP) in Cyprus was 19.97 as of 2020. Its highest value over the past 45 years was 19.97 in 2020, while its lowest value was 12.42 in 1995.

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 17.47
1976 16.32
1977 13.99
1978 13.09
1979 12.78
1980 13.67
1981 14.61
1982 14.84
1983 15.12
1984 14.11
1985 14.07
1986 14.11
1987 16.61
1988 16.66
1989 15.98
1990 17.34
1991 18.46
1992 19.04
1993 16.87
1994 16.66
1995 12.42
1996 13.15
1997 14.79
1998 16.06
1999 16.06
2000 15.09
2001 15.94
2002 16.61
2003 17.91
2004 16.58
2005 16.51
2006 16.90
2007 16.44
2008 17.05
2009 18.78
2010 18.52
2011 19.09
2012 18.81
2013 18.45
2014 16.79
2015 16.35
2016 15.25
2017 14.82
2018 14.58
2019 16.15
2020 19.97

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