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

The latest value for General government final consumption expenditure (current US$) in Guinea was $2,025,437,000 as of 2020. Over the past 34 years, the value for this indicator has fluctuated between $2,070,513,000 in 2019 and $205,236,100 in 2005.

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
1986 $228,288,300
1987 $243,414,300
1988 $266,587,300
1989 $284,294,100
1990 $292,118,700
1991 $300,020,000
1992 $283,791,500
1993 $273,315,100
1994 $265,864,900
1995 $277,669,000
1996 $289,116,200
1997 $279,485,700
1998 $244,217,000
1999 $240,830,900
2000 $212,196,800
2001 $207,930,000
2002 $241,669,000
2003 $281,898,700
2004 $252,613,800
2005 $205,236,100
2006 $264,782,500
2007 $425,808,200
2008 $415,686,300
2009 $669,319,200
2010 $861,357,400
2011 $1,016,521,000
2012 $1,105,645,000
2013 $1,580,953,000
2014 $1,561,967,000
2015 $1,715,036,000
2016 $1,451,302,000
2017 $1,577,199,000
2018 $1,835,694,000
2019 $2,070,513,000
2020 $2,025,437,000

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