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

General government final consumption expenditure (% of GDP) in Guinea was 12.92 as of 2020. Its highest value over the past 34 years was 19.50 in 2015, while its lowest value was 5.97 in 2008.

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
1986 11.44
1987 11.92
1988 11.18
1989 11.69
1990 10.95
1991 9.95
1992 8.64
1993 8.34
1994 7.86
1995 7.52
1996 7.47
1997 7.39
1998 6.81
1999 6.96
2000 7.08
2001 7.35
2002 8.19
2003 8.18
2004 6.95
2005 6.99
2006 6.27
2007 6.78
2008 5.97
2009 9.96
2010 12.57
2011 14.98
2012 14.48
2013 18.87
2014 17.79
2015 19.50
2016 16.88
2017 15.28
2018 15.48
2019 15.32
2020 12.92

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