
Georgia: Government spending, in dollars
* indicates monthly or quarterly data series
Georgia |
Government spending, billion USD |
---|---|
Latest value | 3.74 |
Year | 2023 |
Measure | billion U.S. dollars |
Data availability | 1987 - 2023 |
Average | 1.42 |
Min - Max | 0.16 - 3.74 |
Source | The World Bank |
The latest value from 2023 is 3.74 billion U.S. dollars, an increase from 3.13 billion U.S. dollars in 2022. In comparison, the world average is 109.33 billion U.S. dollars, based on data from 146 countries. Historically, the average for Georgia from 1987 to 2023 is 1.42 billion U.S. dollars. The minimum value, 0.16 billion U.S. dollars, was reached in 1993 while the maximum of 3.74 billion U.S. dollars was recorded in 2023.
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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 current U.S. dollars.
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Related indicators | Latest | Reference | Measure |
---|---|---|---|
Government spending, percent of GDP | 12.69 | 2023 | percent |
Government spending, in dollars | 3.74 | 2023 | billion U.S. dollars |
Fiscal balance, percent of GDP | -2.40 | 2023 | percent |
Government debt | 40.50 | 2023 | percent |
Government expenditure | 3.69 | Q4/2024 | billion |
Tax revenue | 22.90 | 2022 | percent |
Commercial tax rate | 9.90 | 2019 | percent |
Tax preparation time | 216 | 2019 | hours |
Number of taxes | 5 | 2019 | taxes |
Taxes on goods and services | 48.24 | 2022 | percent |
Taxes on international trade | 0.64 | 2022 | percent |
Income and profits taxes | 35.58 | 2022 | percent |
Foreign aid | 375.91 | 2022 | million U.S. dollars |