Gross national expenditure (constant 2015 US$)
Countries By Gross national expenditure (constant 2015 US$)
Key points
- United States has the highest gross national expenditure with a value of $20,406,138,944,000, showcasing its strong economic power.
- Kiribati has the lowest gross national expenditure at $325,576,109.160888, indicating its relatively smaller scale of economic activity.
- The average gross national expenditure among the listed countries is approximately $532,619,577,470.56, providing a benchmark for comparison.
- China, the People's Republic of, ranks second in gross national expenditure with a value of $14,239,124,593,234.90, underscoring its significant economic influence.
- Japan follows closely behind the US and China with a gross national expenditure of $4,411,355,422,579.38, highlighting its position as a major economic player.
Official Definition of Gross national expenditure (constant 2015 US$)
Gross national expenditure (formerly domestic absorption) is the sum of household final consumption expenditure (formerly private consumption), general government final consumption expenditure (formerly general government consumption), and gross capital formation (formerly gross domestic investment). Data are in constant 2015 prices, expressed in U.S. dollars.
Importance
Gross national expenditure is a crucial macroeconomic statistic for a country as it reflects the total amount of goods and services produced domestically, encompassing household consumption, government spending, and investments.
When the Gross National Expenditure is low, it may indicate a lack of economic activity, slow growth, or subdued consumer and investor confidence. This could lead to lower employment levels, reduced business expansion, and overall stagnation in the economy.
Conversely, a high Gross National Expenditure signifies a robust economy with strong consumer demand, government investment, and private sector activities. This could lead to higher employment rates, increased business investments, and overall economic prosperity.
Top 10 Countries by Gross national expenditure (constant 2015 US$)
Bottom 10 Countries by Gross national expenditure (constant 2015 US$)
Regions
Europe
Analysis of Gross national expenditure (constant 2015 US$) in selected countries reveals a wide range of economic activity. With countries like the United Kingdom and Germany showing high values, they indicate robust domestic consumption and investment. However, smaller economies like Montenegro and Iceland exhibit lower figures, signaling potential challenges in stimulating economic growth. Higher expenditure implies stronger development momentum but also risks overheating and inflation. Conversely, lower expenditure may highlight structural issues or prudent fiscal management. The implications vary from sustaining economic growth to managing inflationary pressures, underscoring the diverse economic landscapes across these nations.
Far East: East Asia, SE Asia, Australia
Analysis of Gross National Expenditure (constant 2015 US$) in selected countries:
Brunei's Gross National Expenditure stands at $10,907,819,097.61, indicating a relatively lower level of
economic activity. In comparison, countries like China with $14,239,124,593,234.90 and Japan with
$4,411,355,422,579.38 showcase significantly higher economic activity. The advantages for nations with higher
expenditure include robust infrastructure and economic diversification; however, disadvantages can entail higher
debt levels. This statistic reflects each country's economic health, impacting development through investment in
infrastructure, healthcare, and education, with implications ranging from enhanced competitiveness to potential
debt burdens.
ASEAN
Brunei's Gross national expenditure stands at $10.9 billion, reflecting its small, yet stable economy. Cambodia follows with $24.2 billion, indicating steady growth and increasing domestic demand. Indonesia leads significantly at $1.02 trillion, showcasing its robust economy and large consumer base. Malaysia's $322.4 billion expenditure demonstrates a well-diversified economy and strong investment activity. The Philippines and Vietnam show promising figures at $379.5 billion and $329.8 billion respectively, indicating growing economies with potential for further development. Each country's expenditure reflects its unique economic strengths and challenges, influencing their overall development trajectories.
Latin America
The Gross National Expenditure (constant 2015 US$) data for the listed countries vary significantly, with Brazil leading at $1,764 billion and Nicaragua at the lowest with $13.8 billion. Brazil's high expenditure indicates a robust economy, while Nicaragua's lower figure suggests smaller scale development. Brazil enjoys advantages of potential for growth but faces the disadvantage of greater economic complexity. On the other hand, Nicaragua benefits from simplicity but may lack diversification. This statistic impacts countries' development by reflecting their spending power, investment in infrastructure, and overall economic health, shaping their future growth prospects and competitiveness on the global stage.
Middle East
The Gross national expenditure (constant 2015 US$) data shows a diverse economic landscape among the listed countries. Saudi Arabia stands out with the highest expenditure at $664.77 billion, reflecting its robust economy and investments. Iran follows closely behind, showcasing its significant national spending power at $472.53 billion. Egypt's expenditure of $430.41 billion indicates strong economic activity. However, smaller economies like Armenia and Georgia have lower expenditures, highlighting potential challenges in their economic development. While high expenditure signifies economic strength, it may also lead to inflation and debt accumulation, posing risks for countries like Bahrain and Lebanon. Overall, the statistic underscores the varying economic capacities and challenges each country faces in its development trajectory.
Rivals
Anglosphere v BRICS
Among the listed countries, China stands out with the highest gross national expenditure, indicating its strong economic drive and robust consumer and investment activity. The United States follows closely behind, reflective of its status as a leading global economic powerhouse. India shows significant growth potential, while Brazil and Russia exhibit moderate expenditure levels. Canada and the United Kingdom demonstrate stable economic activity. New Zealand and South Africa have smaller but steady levels of expenditure. High expenditure levels can signal economic vitality and investment opportunities but may also pose risks such as inflation and debt burden, while lower levels could indicate slower growth but potentially lower economic vulnerabilities.
Russia v Ukraine
Gross national expenditure data for 2015 shows that the Russian Federation had a significantly higher value of $1.31 trillion compared to Ukraine's $111.20 billion. This indicates Russia's larger economic activity and higher level of investment and consumption. Advantages for Russia include greater economic resilience and capacity for infrastructure development. However, it may face challenges such as overreliance on certain sectors and potential for inefficiencies in state-led initiatives. For Ukraine, advantages lie in potential growth opportunities and enhanced competitiveness, yet it may struggle with economic vulnerabilities and lower overall capacity for large-scale projects. Overall, the statistic reflects differing scales of economic development and investment priorities for each country, influencing their future growth trajectories and global competitiveness.
France v United Kingdom
France's gross national expenditure stands at approximately 2.47 trillion US dollars, while the United Kingdom's is around 2.81 trillion US dollars. The United Kingdom has a higher gross national expenditure compared to France, indicating potentially higher levels of consumption and investment. This could imply greater economic activity and development opportunities in the UK. However, a higher expenditure also poses risks such as inflation and over-dependence on imports. For France, a lower expenditure may indicate more cautious economic policies and stability, but it could also imply slower growth and limited investment in critical sectors. Overall, the gross national expenditure statistic highlights the different economic trajectories and priorities of these European nations.
Israel v Iran
Iran's gross national expenditure stands at $472.53 billion in constant 2015 US dollars, surpassing Israel's expenditure of $344.33 billion. Iran's higher expenditure reflects its larger economy and potentially higher levels of economic activity compared to Israel. However, Iran faces challenges such as economic sanctions affecting its development despite its significant expenditure. On the other hand, Israel's comparatively lower expenditure may indicate a more focused and efficient allocation of resources, potentially leading to stable economic growth. This statistic suggests that Iran may have greater immediate economic influence, while Israel's approach could provide long-term stability and resilience in the face of external pressures.
Saudi Arabia v Iran
Iran's gross national expenditure stands at $472.53 billion while Saudi Arabia's is significantly higher at $664.77 billion. Saudi Arabia's higher GNE reflects its larger economy and greater investment activities compared to Iran. The advantage for Iran lies in potentially lower dependency on imports due to a relatively smaller economy, while Saudi Arabia benefits from a more diversified economy. However, Saudi Arabia's higher GNE also means higher exposure to global economic fluctuations. This statistic indicates the level of economic activity and investment within each country, influencing their developmental trajectory and economic resilience differently.
India v Pakistan
India's gross national expenditure stands at $2,580,767,422,935.55 while Pakistan's is significantly lower at $399,769,498,091.89. India's higher expenditure indicates a larger economy with greater consumption, government spending, and investment compared to Pakistan. This reflects India's relatively more advanced development stage and diversified economy. However, this also suggests higher resource allocation and potential debt burdens. In contrast, Pakistan's lower expenditure may indicate a less developed economy but could also signify opportunities for growth and investment. The impact of this statistic lies in driving economic growth, infrastructure development, and social welfare policies, with India leveraging its spending for further expansion and Pakistan potentially benefitting from strategic investments for future development.
China v Japan
In terms of Gross National Expenditure (constant 2015 US$), China, People's Republic of leads with a significant value of $14,239,124,593,234.90, showcasing its massive economic activity. Japan follows with $4,411,355,422,579.38. China's high expenditure reflects its robust economic growth and huge market potential. However, it also indicates a risk of overinvestment and potential economic imbalances. Japan's lower expenditure highlights its more mature economy with stable consumption patterns but may signal slower growth. This statistic signifies China's rapid development but also hints at the need for structural reforms, whereas Japan's stability may suggest resilience but could mean missed growth opportunities.
FAQs
- Which country has the most Gross national expenditure?
The United States has the highest Gross national expenditure with a value of $20,406,138,944,000. - Which country has the least Gross national expenditure?
Kiribati has the lowest Gross national expenditure with a value of $325,576,109.160888. - What is the average Gross national expenditure among the listed countries?
The average Gross national expenditure among the listed countries is approximately $532,619,577,470.56085.