Low income - General government final consumption expenditure (% of GDP)

General government final consumption expenditure (% of GDP) in Low income was 13.23 as of 2020. Its highest value over the past 26 years was 15.96 in 2015, while its lowest value was 12.00 in 2012.

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
1994 13.38
1995 13.20
1996 12.51
1997 12.31
1998 13.10
1999 12.64
2000 12.87
2001 13.84
2002 13.51
2003 14.31
2004 15.80
2005 14.31
2006 12.70
2007 13.39
2008 12.38
2009 12.52
2010 13.63
2011 12.55
2012 12.00
2013 13.43
2014 13.12
2015 15.96
2016 13.62
2017 12.96
2018 13.14
2019 12.92
2020 13.23

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