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

General government final consumption expenditure (% of GDP) in Hungary was 21.11 as of 2020. Its highest value over the past 29 years was 27.73 in 1993, while its lowest value was 19.69 in 2018.

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
1991 24.92
1992 25.75
1993 27.73
1994 25.47
1995 22.87
1996 21.63
1997 21.26
1998 20.92
1999 21.26
2000 21.20
2001 21.08
2002 21.86
2003 23.01
2004 22.02
2005 22.12
2006 21.98
2007 20.77
2008 21.37
2009 22.01
2010 21.39
2011 20.59
2012 19.95
2013 19.72
2014 19.99
2015 19.71
2016 19.96
2017 20.19
2018 19.69
2019 19.84
2020 21.11

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