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

General government final consumption expenditure (% of GDP) in Georgia was 14.71 as of 2020. Its highest value over the past 40 years was 19.40 in 2008, while its lowest value was 5.86 in 1993.

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 13.27
1981 12.20
1982 12.31
1983 12.12
1984 12.14
1985 12.86
1986 13.14
1987 13.38
1988 13.70
1989 11.81
1990 10.00
1991 9.38
1992 9.38
1993 5.86
1994 9.83
1995 10.91
1996 7.70
1997 10.17
1998 11.08
1999 10.63
2000 8.54
2001 9.64
2002 9.79
2003 8.12
2004 11.43
2005 14.38
2006 12.01
2007 16.50
2008 19.40
2009 18.52
2010 15.27
2011 13.73
2012 13.62
2013 14.02
2014 14.27
2015 14.29
2016 15.31
2017 13.85
2018 13.21
2019 13.11
2020 14.71

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