Home/Countries/Guyana/Government Consumption (% of GDP)

Guyana—Government Consumption (% of GDP)

Category: EconomySource: World Bank World Development Indicators ↗Series years: 2000–2005
Latest Value
26.9%
2005
YoY Change
-1.0%
2004 → 2005
Maximum
28.0%
2003
Minimum
24.7%
2000
CAGR
+1.8%
6 years
Last
26.9%
Previous
27.2%
Highest
28.0%
Lowest
24.7%
Unit
% of GDP
Source
World Bank World Development Indicators

Guyana's government consumption (% of GDP) was 26.9% in 2005. This represents a -1.0% change from 2004. Over the past 6 years, the highest recorded value was 28.0% (2003) and the lowest was 24.7% (2000). Data sourced from the World Bank World Development Indicators.

Source: World Bank World Development Indicators

Historical Data

YearValueChange
200526.9%-1.0%
200427.2%-3.0%
200328.0%+8.9%
200225.7%+2.6%
200125.1%+1.7%
200024.7%

Top Countries — Government Consumption (% of GDP)

#CountryValueYear
1Timor-Leste60.6%2024
2Kiribati59.0%2024
3Marshall Islands54.5%2024
4Greenland41.7%2023
5Ukraine38.9%2025
6Palau38.3%2024
7Lesotho36.4%2025
8U.S. Virgin Islands34.4%2022
9Equatorial Guinea32.4%2025
10Libya32.3%2025
View all 177 countries →

About This Indicator

Definition

Final consumption expenditure is expenditure on goods and services by resident institutional units for the direct satisfaction of human needs or wants, whether individual or collective. General government FCE includes all government current expenditures for purchases of goods and services (including compensation of employees), and most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.

Methodology

Data compiled by Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB).

Unit

% of GDP

Source: World Bank (World Development Indicators)Available series: 2000–2005View original source →