New Zealand - General government final consumption expenditure (% of GDP)

General government final consumption expenditure (% of GDP) in New Zealand was 20.10 as of 2020. Its highest value over the past 49 years was 20.10 in 2020, while its lowest value was 14.50 in 1973.

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
1971 14.78
1972 14.75
1973 14.50
1974 16.32
1975 17.43
1976 16.28
1977 17.46
1978 18.74
1979 18.46
1980 19.55
1981 19.19
1982 19.13
1983 18.28
1984 17.67
1985 17.86
1986 17.72
1987 17.54
1988 17.59
1989 17.80
1990 18.45
1991 18.69
1992 18.85
1993 17.73
1994 16.79
1995 16.80
1996 16.63
1997 16.83
1998 17.55
1999 17.28
2000 17.09
2001 16.90
2002 16.76
2003 16.81
2004 17.07
2005 17.95
2006 18.36
2007 18.43
2008 19.79
2009 19.78
2010 19.70
2011 19.58
2012 19.38
2013 18.74
2014 18.77
2015 18.50
2016 18.14
2017 17.88
2018 18.11
2019 18.75
2020 20.10

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