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

General government final consumption expenditure (% of GDP) in Kiribati was 72.61 as of 2018. Its highest value over the past 46 years was 72.61 in 2018, while its lowest value was 15.80 in 1974.

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
1972 27.80
1973 26.90
1974 15.80
1975 18.00
1976 25.30
1977 27.00
1978 19.30
1979 30.79
1980 42.71
1981 41.04
1982 39.49
1983 37.95
1984 32.72
1985 36.15
1986 34.61
1987 36.07
1988 32.97
1989 38.23
1990 37.71
1991 37.99
1992 38.52
2008 65.58
2009 65.22
2010 61.32
2011 61.96
2012 63.88
2013 61.29
2014 70.17
2015 62.59
2016 68.74
2017 67.51
2018 72.61

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