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National Accounts at a Glance 2013

image of National Accounts at a Glance 2013

National Accounts at a Glance presents information using an "indicator" approach, focusing on cross-country comparisons. The aim being to make the national accounts more accessible and informative, whilst, at the same time, taking the opportunity to present the conceptual underpinning of, and comparability issues inherent in, each of the indicators presented. 

The range of indicators reflects the richness inherent in the national accounts dataset and encourages users to refocus some of the spotlight that is often placed on gross domestic product (GDP) to other economic important indicators, which may better respond to their needs.  The publication is broken down into six key chapters, and provides indicators related to GDP, income, expenditure, production, government and capital respectively. Data are generally provided for the period 1998-2011.

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General government final consumption

General government final consumption expenditure consists of expenditure incurred by government in its production of non-market final goods and services (except GFCF) and market goods and services provided as social transfers in kind. Total general government final consumption is perhaps of less political relevance, from a fiscal perspective, than general government expenditure (see ) but its importance as a component of total GDP, and, so, as a reflection of its direct role as a consumer of final goods and services is significant.

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