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

General government final consumption expenditure (% of GDP) in Lesotho was 38.78 as of 2019. Its highest value over the past 59 years was 43.48 in 2009, while its lowest value was 8.15 in 1970.

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
1960 16.60
1961 21.18
1962 19.06
1963 16.96
1964 15.36
1965 17.60
1966 12.59
1967 16.06
1968 14.13
1969 12.95
1970 8.15
1971 10.97
1972 12.86
1973 9.51
1974 10.73
1975 14.47
1976 14.80
1977 13.09
1978 13.37
1979 16.37
1980 21.79
1981 20.90
2007 37.01
2008 38.34
2009 43.48
2010 39.91
2011 38.18
2012 39.51
2013 40.55
2014 38.84
2015 36.94
2016 39.63
2017 39.69
2018 38.73
2019 38.78

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