Slovak Republic - General government final consumption expenditure (% of GDP)

General government final consumption expenditure (% of GDP) in Slovak Republic was 21.46 as of 2020. Its highest value over the past 30 years was 30.32 in 1992, while its lowest value was 17.14 in 2007.

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
1990 26.26
1991 24.68
1992 30.32
1993 28.11
1994 24.03
1995 23.79
1996 25.30
1997 22.99
1998 23.19
1999 21.08
2000 20.74
2001 20.89
2002 20.38
2003 20.71
2004 18.83
2005 18.48
2006 18.77
2007 17.14
2008 17.53
2009 19.99
2010 19.27
2011 18.40
2012 17.89
2013 18.14
2014 18.42
2015 18.60
2016 18.94
2017 18.95
2018 18.63
2019 19.55
2020 21.46

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