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

The latest value for General government final consumption expenditure (current US$) in Guyana was $222,008,800 as of 2005. Over the past 45 years, the value for this indicator has fluctuated between $222,008,800 in 2005 and $19,483,170 in 1960.

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
1960 $19,483,170
1961 $22,166,480
1962 $22,516,480
1963 $21,349,820
1964 $27,183,110
1965 $32,000,000
1966 $34,764,700
1967 $39,176,470
1968 $34,950,000
1969 $39,550,000
1970 $45,450,000
1971 $50,850,000
1972 $55,666,670
1973 $76,047,620
1974 $73,727,270
1975 $97,041,660
1976 $128,040,000
1977 $116,000,000
1978 $118,400,000
1979 $139,200,000
1980 $146,000,000
1981 $165,714,300
1982 $124,333,300
1983 $132,666,700
1984 $79,210,530
1985 $81,860,460
1986 $158,837,200
1987 $97,142,860
1988 $116,300,000
1989 $62,536,760
1990 $54,000,000
1991 $52,012,520
1992 $62,577,940
1993 $69,009,220
1994 $83,790,310
1995 $93,283,100
1996 $114,371,100
1997 $131,379,700
1998 $132,294,300
1999 $131,836,900
2000 $175,830,200
2001 $178,616,600
2002 $186,815,800
2003 $208,122,600
2004 $214,123,100
2005 $222,008,800

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