General government final consumption expenditure in Pacific island small states
Pacific island small states: General government final consumption expenditure was 23.0% in 2024. ▲ Rising
General government final consumption expenditure in Pacific island small states, 2003–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
Pacific island small states recorded 23.0% for general government final consumption expenditure in 2024.
Compared with earlier readings it is down 6.5% on the previous year and up 0.7% over ten years.
Over the whole period, general government final consumption expenditure in Pacific island small states peaked at 26.7% in 2021 and was at its lowest, 18.4%, in 2004.
That places Pacific island small states 1st out of 43 groups with data for 2024, putting it in the top 10%.
The long-run direction has been consistently rising across the 22 years of available data.
General government final consumption expenditure in Pacific island small states, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2003 | 18.6% | — |
| 2004 | 18.4% | -1.0% |
| 2005 | 20.3% | +10.4% |
| 2006 | 22.5% | +10.8% |
| 2007 | 21.5% | -4.8% |
| 2008 | 20.3% | -5.3% |
| 2009 | 21.5% | +5.8% |
| 2010 | 20.8% | -3.1% |
| 2011 | 20.7% | -0.8% |
| 2012 | 21.6% | +4.5% |
| 2013 | 22.2% | +3.1% |
| 2014 | 22.8% | +2.5% |
| 2015 | 22.7% | -0.3% |
| 2016 | 21.7% | -4.4% |
| 2017 | 21.6% | -0.9% |
| 2018 | 22.7% | +5.1% |
| 2019 | 24.0% | +6.1% |
| 2020 | 26.1% | +8.6% |
| 2021 | 26.7% | +2.1% |
| 2022 | 25.1% | -5.9% |
| 2023 | 24.6% | -2.0% |
| 2024 | 23.0% | -6.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 20.5% | 18.4% | 22.5% | 7 |
| 2010s | 22.1% | 20.7% | 24.0% | 10 |
| 2020s | 25.1% | 23.0% | 26.7% | 5 |
Countries ranked near Pacific island small states
- 1 Timor-Leste 60.6% compare
- 2 Kiribati 59.0% compare
- 3 Marshall Islands 54.5% compare
- 4 Greenland 41.7% compare
More economy & growth data for Pacific island small states
- Gross fixed capital formation (current US$), annual growth rate 11.4 % change on previous year (2024)
- Final consumption expenditure (current US$), per capita 4,485 current US$ per person (2024)
- Gross national expenditure (current US$), annual growth rate 7.37 % change on previous year (2024)
- Gross national expenditure (current US$), per unit of GDP 1.22 current US$ per US$ of GDP (2024)
- Gross national expenditure (current US$), per capita 5,536 current US$ per person (2024)
- Exports of goods and services (current US$), annual growth rate 7.69 % change on previous year (2024)
- Exports of goods and services (current US$), per unit of GDP 0.4148 current US$ per US$ of GDP (2024)
- Exports of goods and services (current US$), per capita 1,878 current US$ per person (2024)
- Gross capital formation (current US$), per capita 1,051 current US$ per person (2024)
- Gross capital formation (current US$), per unit of GDP 0.2321 current US$ per US$ of GDP (2024)
Frequently asked questions
- What is general government final consumption expenditure in Pacific island small states?
- General government final consumption expenditure in Pacific island small states was 23.0% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest general government final consumption expenditure recorded in Pacific island small states?
- The highest recorded value was 26.7% in 2021.
- What is the lowest general government final consumption expenditure recorded in Pacific island small states?
- The lowest recorded value was 18.4% in 2004.
- How does Pacific island small states rank for general government final consumption expenditure?
- Pacific island small states ranks 1st out of 43 groups with data for 2024.
- Is general government final consumption expenditure rising or falling in Pacific island small states?
- Over the last ten years it is up 0.7%. The long-run trend across the full record is rising.
- Where does this Pacific island small states data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of General government final consumption expenditure (% of GDP). Statizoid updates them automatically from the source API.
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About this data
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.