Gross national expenditure (current US$)



Countries By Gross national expenditure (current US$)



Key points



Official Definition of Gross national expenditure (current 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 current U.S. dollars.



Importance

Gross national expenditure is a crucial macroeconomic statistic for a country as it represents the total amount of money spent within the country's borders. A high value of gross national expenditure indicates a robust economy with high levels of consumption, government expenditure, and investment. This can lead to economic growth, job creation, and overall prosperity.

Conversely, a low value of gross national expenditure implies a stagnant or contracting economy, with lower levels of consumption, government spending, and investment. This could indicate potential economic challenges such as high unemployment, reduced business activity, and slowed economic development.



Top 10 Countries by Gross national expenditure (current US$)

Bottom 10 Countries by Gross national expenditure (current US$)



Regions

Europe

Analysis of Gross National Expenditure in the listed countries reveals a wide range of economic strengths and challenges. Economically powerful nations like Germany, the United Kingdom, and Switzerland exhibit high Gross National Expenditure figures, signaling robust domestic demand and investment. However, smaller economies such as Montenegro and Moldova show lower expenditure levels, highlighting potential limitations in infrastructure and development. This statistic indicates the disparities in economic development among the countries, with advantages like economic stability and disadvantages like overreliance on domestic consumption. For each country, Gross National Expenditure influences infrastructure investment, social welfare spending, and overall economic growth.

Far East: East Asia, SE Asia, Australia

Analysis of Gross National Expenditure (current US$) reveals significant disparities among the listed countries. Japan stands out with the highest expenditure of $5.07 trillion, followed by China with $14.49 trillion. Such robust spending in Japan indicates a strong domestic market, while China's vast expenditure underscores its economic prowess. On the other hand, Brunei and Mongolia have notably lower expenditures, suggesting smaller economies. While high spending can drive economic growth, it also raises concerns about inflation and debt sustainability. For Brunei and Mongolia, lower expenditure may indicate underdeveloped infrastructure or limited public services. Overall, Gross National Expenditure reflects each country's economic activity and investment levels, shaping their development trajectories accordingly.

ASEAN

The Gross National Expenditure data reveals significant disparities among the listed countries, ranging from Brunei's $10.8 billion to Indonesia's substantial $1.07 trillion. Indonesia's high expenditure dwarfs its neighbors, reflecting robust domestic consumption and investment. Malaysia and the Philippines show healthy expenditure levels, while Singapore stands out with a sizable figure for its small size. Vietnam and Cambodia, though growing, exhibit lower expenditure indicating potential for development. The statistic signifies economic activity and national wealth distribution, with implications for infrastructure, social welfare, and regional competitiveness. Each country faces unique challenges, from balancing growth with sustainability to ensuring inclusive development.

Latin America

When analyzing the Gross National Expenditure for the selected countries, we observe a significant disparity in the values, with Mexico having the highest at over $1 trillion, while Nicaragua has the lowest at around $13 billion. Brazil also stands out with a substantial expenditure of over $1.4 trillion. These figures reflect the diverse economic capabilities and development levels of these nations. Countries with higher expenditures like Mexico and Brazil may benefit from greater infrastructure and investment opportunities but might also face inflationary pressures. Conversely, countries with lower expenditures like Nicaragua may struggle with limited resources for development but could potentially have more stability in terms of fiscal management.

Middle East

Gross national expenditure data for the listed countries varies significantly with Saudi Arabia having the highest value of $733.6 billion and Armenia the lowest at $13.9 billion. This indicates the stark economic disparities among these nations. Saudi Arabia's high expenditure underscores its strong economic position and ability to invest in various sectors, but it also reflects potential reliance on imports. In contrast, Armenia's lower expenditure may suggest limited capacity for significant economic growth. For the United Arab Emirates, the substantial expenditure implies a robust economy with diversified investments. Overall, the statistic reflects each country's economic capacity, potential vulnerabilities, and development prospects.



Rivals

Anglosphere v BRICS

Analysis of Gross National Expenditure in selected countries reveals significant disparities. The United States leads with an impressive $21.95 trillion, while China follows closely at $14.50 trillion. India lags behind with $2.72 trillion. The advantages of high expenditure correlate with economic power and potential global influence, but risks of inflation and over-dependence on consumption loom. Conversely, South Africa's expenditure at $323.52 billion indicates developmental challenges. Such a disparity in spending reflects varying stages of economic development and potential for growth, highlighting the importance of prudent fiscal policies for sustainable economic advancement.

Russia v Ukraine

The Gross National Expenditure for the Russian Federation stands at approximately 1.42 trillion US dollars, significantly higher than Ukraine's 159 billion US dollars. This stark contrast reflects Russia's larger economy and higher level of economic activity compared to Ukraine. Russia benefits from diversified industries and abundant natural resources, bolstering its GNE. However, this strong reliance on energy exports exposes Russia to global market fluctuations. In contrast, Ukraine's economy faces challenges due to political instability and external pressures, resulting in a lower GNE. Increasing GNE signifies economic growth and investment opportunities, potentially leading to enhanced infrastructure and social welfare in both countries.

France v United Kingdom

France has a Gross National Expenditure of approximately $2.7 trillion, whereas the United Kingdom's is slightly lower at around $2.68 trillion. France's higher expenditure reflects a robust economy with strong consumer spending, government investments, and capital formation. The country benefits from a diverse industrial base and a skilled workforce. However, its centralized governance structure may sometimes lead to inefficiencies. On the other hand, the United Kingdom's slightly lower expenditure indicates a stable economy with solid consumer and government spending but may face uncertainties due to Brexit implications. Both countries need to carefully manage their expenditures to ensure sustained economic growth and stability.

Israel v Iran

Iran's gross national expenditure is reported at approximately $246.8 billion, while Israel's stands at around $394.9 billion. Israel's higher figure reflects a more robust economy and greater capital investment compared to Iran. However, Iran's lower expenditure may indicate a different economic strategy or challenges in domestic spending. For Iran, a lower gross national expenditure could limit infrastructure development and public services but may also reduce the risk of economic overheating. In contrast, Israel's higher expenditure suggests a focus on economic growth and development but also raises concerns about potential inflationary pressures. Overall, this statistic highlights the divergent paths and economic priorities of these two nations.

Saudi Arabia v Iran

Iran's gross national expenditure is recorded at approximately $246.8 billion, while Saudi Arabia's stands significantly higher at around $733.6 billion. Saudi Arabia's higher expenditure reflects its larger economy and greater government spending compared to Iran. Iran's lower expenditure may indicate constraints on its economic growth and development. On the one hand, Saudi Arabia benefits from robust infrastructure and public services due to higher expenditure but faces a risk of over-reliance on government spending. Iran's lower expenditure may signify a need for increased investment and economic diversification. Ultimately, the gross national expenditure statistic highlights differing economic paths and priorities between these two countries.

India v Pakistan

India's Gross National Expenditure stands at approximately $2.7 trillion, significantly higher than Pakistan's $324 billion. This indicates India's larger economy and greater level of economic activity. India's advantage lies in its vast domestic market and diverse economy, allowing for more robust consumer spending and investment. However, this high expenditure can also lead to inflationary pressures and a reliance on imports. On the other hand, Pakistan's smaller expenditure reflects its more limited economic scale and development. While it may indicate more stability in terms of inflation, it also highlights the need for greater investment and consumption to spur economic growth and development.

Turkey v Greece

In terms of Gross national expenditure (current US$), Greece recorded a total of approximately $203 billion, while Turkey's expenditure stood at around $742 billion. Turkey's significantly higher expenditure compared to Greece reflects a larger economy and higher level of economic activity. This indicates Turkey's greater potential for investment and growth but also suggests higher government spending. For Greece, the lower expenditure may indicate relative economic challenges or a smaller economy but could also signal more sustainable economic practices. The impact of this statistic on development varies, with Turkey potentially experiencing more robust economic growth opportunities but also facing higher risks due to larger financial commitments, whereas Greece may have more stable economic conditions but possibly with lower growth prospects.

China v Japan

China, People's Republic of, recorded a Gross National Expenditure of $14,496,380,482,923.1, significantly surpassing Japan's $5,069,173,660,353.56. China's high expenditure reflects its robust economy and large population, indicating strong domestic consumption and investment. However, this also poses risks of overheating and inflation. On the other hand, Japan's lower expenditure suggests a more conservative economic approach with potential implications for slower growth but greater stability. For China, this statistic signifies ongoing economic expansion and potential for global influence, while for Japan, it underscores stability but may indicate a need to stimulate domestic demand for sustainable growth.



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