New Caledonia: Government spending, percent of GDP
* indicates monthly or quarterly data series
New Caledonia |
Government spending as percent of GDP |
---|---|
Latest value | 23.51 |
Year | 2017 |
Measure | percent |
Data availability | 1981 - 2017 |
Average | 27.05 |
Min - Max | 9.40 - 40.65 |
Source | The World Bank |
The latest value from 2017 is 23.51 percent, a decline from 24.47 percent in 2016. In comparison, the world average is 16.29 percent, based on data from 169 countries. Historically, the average for New Caledonia from 1981 to 2017 is 27.05 percent. The minimum value, 9.4 percent, was reached in 1990 while the maximum of 40.65 percent was recorded in 1986.
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The government size of New Caledonia and other countries is calculated as the total government spending as percent of GDP.
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.
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Related indicators | Latest | Reference | Measure |
---|---|---|---|
Government spending, percent of GDP | 23.51 | 2017 | percent |
Government spending, in dollars | 2.16 | 2017 | billion U.S. dollars |
Foreign aid | 524.34 | 2004 | million U.S. dollars |