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

General government final consumption expenditure (% of GDP) in Nicaragua was 15.94 as of 2020. Its highest value over the past 60 years was 43.48 in 1990, while its lowest value was 6.92 in 1997.

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 8.77
1961 8.56
1962 8.30
1963 7.35
1964 7.14
1965 7.98
1966 8.65
1967 9.33
1968 9.01
1969 8.73
1970 9.59
1971 9.73
1972 9.39
1973 8.14
1974 7.72
1975 9.05
1976 9.34
1977 8.91
1978 11.75
1979 17.85
1980 19.73
1981 21.94
1982 23.44
1983 31.44
1984 35.34
1985 35.73
1986 35.35
1987 34.23
1988 32.21
1989 26.70
1990 43.48
1991 20.55
1992 19.67
1993 17.59
1994 7.49
1995 7.52
1996 7.35
1997 6.92
1998 7.13
1999 8.23
2000 8.68
2001 8.96
2002 8.75
2003 9.18
2004 9.08
2005 9.43
2006 15.17
2007 14.02
2008 13.84
2009 14.50
2010 14.10
2011 13.60
2012 13.57
2013 13.76
2014 14.28
2015 14.05
2016 14.46
2017 14.41
2018 14.80
2019 15.65
2020 15.94

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