Puerto Rico - General government final consumption expenditure (% of GDP)

General government final consumption expenditure (% of GDP) in Puerto Rico was 7.63 as of 2020. Its highest value over the past 60 years was 19.69 in 1975, while its lowest value was 7.63 in 2020.

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 12.88
1963 13.41
1964 13.85
1965 13.60
1966 13.53
1967 14.35
1968 15.17
1969 15.06
1970 15.93
1971 16.18
1972 16.44
1973 17.58
1974 17.25
1975 19.69
1976 17.98
1977 17.44
1978 16.73
1979 16.12
1980 15.80
1981 15.70
1982 14.43
1983 14.86
1984 15.07
1985 15.11
1986 14.70
1987 14.31
1988 13.94
1989 14.13
1990 14.48
1991 14.37
1992 13.88
1993 13.78
1994 13.50
1995 13.94
1996 14.32
1997 14.35
1998 13.13
1999 12.98
2000 11.72
2001 11.16
2002 11.67
2003 11.67
2004 11.33
2005 11.99
2006 11.84
2007 11.74
2008 11.23
2009 11.52
2010 11.02
2011 10.47
2012 10.63
2013 10.34
2014 10.77
2015 8.80
2016 8.25
2017 8.76
2018 7.98
2019 8.01
2020 7.63

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