Togo - General government final consumption expenditure (constant 2010 US$)

The latest value for General government final consumption expenditure (constant 2010 US$) in Togo was 906,178,800 as of 2020. Over the past 60 years, the value for this indicator has fluctuated between 915,188,700 in 2018 and 64,547,810 in 1962.

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. Data are in constant 2010 U.S. dollars.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1960 73,936,580
1961 66,895,040
1962 64,547,810
1963 82,151,780
1964 97,408,370
1965 97,115,640
1966 111,156,400
1967 106,475,900
1968 111,156,400
1969 111,156,400
1970 128,708,000
1971 157,959,300
1972 179,020,800
1973 167,320,300
1974 177,850,300
1975 229,333,600
1976 259,755,400
1977 291,346,900
1978 301,027,100
1979 327,619,800
1980 331,129,800
1981 286,405,800
1982 279,525,200
1983 239,101,500
1984 258,023,200
1985 209,858,800
1986 287,309,700
1987 281,971,100
1988 232,309,700
1989 262,241,000
1990 276,976,300
1991 272,637,400
1992 224,622,400
1993 244,389,100
1994 227,526,300
1995 227,753,800
1996 218,615,300
1997 206,154,200
1998 284,656,000
1999 264,487,900
2000 264,780,500
2001 310,971,800
2002 264,946,500
2003 272,811,900
2004 268,959,600
2005 315,745,700
2006 340,458,900
2007 300,279,500
2008 308,201,900
2009 306,687,300
2010 384,478,700
2011 535,088,700
2012 524,581,300
2013 554,588,900
2014 637,736,800
2015 752,113,000
2016 769,432,800
2017 743,212,000
2018 915,188,700
2019 888,639,200
2020 906,178,800

Development Relevance: An economy's growth is measured by the change in the volume of its output or in the real incomes of its residents. The 2008 United Nations System of National Accounts (2008 SNA) offers three plausible indicators for calculating growth: the volume of gross domestic product (GDP), real gross domestic income, and real gross national income. The volume of GDP is the sum of value added, measured at constant prices, by households, government, and industries operating in the economy. GDP accounts for all domestic production, regardless of whether the income accrues to domestic or foreign institutions.

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. Measures of growth in consumption and capital formation are subject to two kinds of inaccuracy. The first stems from the difficulty of measuring expenditures at current price levels. The second arises in deflating current price data to measure volume growth, where results depend on the relevance and reliability of the price indexes and weights used. Measuring price changes is more difficult for investment goods than for consumption goods because of the one-time nature of many investments and because the rate of technological progress in capital goods makes capturing change in quality difficult. (An example is computers - prices have fallen as quality has improved.) To obtain government consumption in constant prices, countries may deflate current values by applying a wage (price) index or extrapolate from the change in government employment. Neither technique captures improvements in productivity or changes in the quality of government services.

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: Gap-filled total

Base Period: 2010

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts