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Economy > Spending > General government final consumption expenditure Stats: compare key data on Iceland & Venezuela

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Definitions

  • % of GDP: General government final consumption expenditure (% of GDP). 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.
  • Annual % growth: General government final consumption expenditure (annual % growth). Annual percentage growth of general government final consumption expenditure based on constant local currency. Aggregates are based on constant 2005 U.S. dollars. General government final consumption expenditure (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.
  • Constant 2000 US$: General government final consumption expenditure (constant 2000 US$). Agriculture value added per worker is a measure of agricultural productivity. Value added in agriculture measures the output of the agricultural sector (ISIC divisions 1-5) less the value of intermediate inputs. Agriculture comprises value added from forestry, hunting, and fishing as well as cultivation of crops and livestock production. Data are in constant 2005 U.S. dollars.
  • Constant 2000 US$ per capita: General government final consumption expenditure (constant 2000 US$). Agriculture value added per worker is a measure of agricultural productivity. Value added in agriculture measures the output of the agricultural sector (ISIC divisions 1-5) less the value of intermediate inputs. Agriculture comprises value added from forestry, hunting, and fishing as well as cultivation of crops and livestock production. Data are in constant 2005 U.S. dollars. Figures expressed per capita for the same year.
  • Constant 2000 US$, % of GDP: General government final consumption expenditure (constant 2000 US$). Agriculture value added per worker is a measure of agricultural productivity. Value added in agriculture measures the output of the agricultural sector (ISIC divisions 1-5) less the value of intermediate inputs. Agriculture comprises value added from forestry, hunting, and fishing as well as cultivation of crops and livestock production. Data are in constant 2005 U.S. dollars. Figures expressed as a proportion of GDP for the same year
  • Constant LCU: General government final consumption expenditure (constant LCU). 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 local currency.
  • Constant LCU per capita: General government final consumption expenditure (constant LCU). 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 local currency. Figures expressed per capita for the same year.
  • Current LCU: General government final consumption expenditure (current LCU). 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 current local currency.
  • Current LCU per capita: General government final consumption expenditure (current LCU). 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 current local currency. Figures expressed per capita for the same year.
  • Current US$: General government final consumption expenditure (current US$). General government final consumption expenditure (formerly general government consumption) includes all government current expenditures for purchases of goods and services (including compensation of employees). It also includes most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation. Data are in current U.S. dollars.
  • Current US$ per capita: General government final consumption expenditure (current US$). General government final consumption expenditure (formerly general government consumption) includes all government current expenditures for purchases of goods and services (including compensation of employees). It also includes most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation. Data are in current U.S. dollars. Figures expressed per capita for the same year.
  • Current US$, % of GDP: General government final consumption expenditure (current US$). 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 current U.S. dollars. Figures expressed as a proportion of GDP for the same year
STAT Iceland Venezuela HISTORY
% of GDP 25.34%
Ranked 7th. 2 times more than Venezuela
12.19%
Ranked 97th.

Annual % growth -1.388%
Ranked 92nd.
6.26%
Ranked 32nd.

Constant 2000 US$ $4.23 billion
Ranked 64th.
$24.54 billion
Ranked 38th. 6 times more than Iceland

Constant 2000 US$ per capita $13,227.42
Ranked 3rd. 16 times more than Venezuela
$819.11
Ranked 51st.

Constant 2000 US$, % of GDP 31.01%
Ranked 4th. 5 times more than Venezuela
6.44%
Ranked 83th.

Constant LCU 266.7 billion
Ranked 39th. 24 times more than Venezuela
11.27 billion
Ranked 86th.

Constant LCU per capita 833,085.56
Ranked 5th. 2215 times more than Venezuela
376.12
Ranked 97th.

Current LCU 430.41 billion
Ranked 45th. 2 times more than Venezuela
199.39 billion
Ranked 59th.

Current LCU per capita 1.34 million
Ranked 8th. 202 times more than Venezuela
6,656.48
Ranked 74th.

Current US$ $3.44 billion
Ranked 79th.
$46.49 billion
Ranked 33th. 14 times more than Iceland

Current US$ per capita $10,748.61
Ranked 10th. 7 times more than Venezuela
$1,551.88
Ranked 46th.

Current US$, % of GDP 25.2%
Ranked 6th. 2 times more than Venezuela
12.19%
Ranked 94th.

SOURCES: World Bank national accounts data; World Bank national accounts data. Population figures from World Bank: (1) United Nations Population Division. World Population Prospects, (2) United Nations Statistical Division. Population and Vital Statistics Report (various years), (3) Census reports and other statistical publications from national statistical offices, (4) Eurostat: Demographic Statistics, (5) Secretariat of the Pacific Community: Statistics and Demography Programme, and (6) U.S. Census Bureau: International Database.; World Bank national accounts data. GDP figures sourced from World Bank national accounts data, and OECD National Accounts data files.

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