Continents expense per GDP

8 days ago
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This scatter chart displays expense (% of GDP) against GDP (current US$). The data is from our continents entity.

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Analysis

Legend

There are 2 fields used on this chart (including filters):
  • expense: Expense is cash payments for operating activities of the government in providing goods and services. It includes compensation of employees (such as wages and salaries), interest and subsidies, grants, social benefits, and other expenses such as rent and dividends. This field is expressed in % of GDP.
  • GDP: GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used. This field is expressed in current US$.

Details

This chart is based on data from: World Bank

This chart can be used under the CC BY 4.0 license

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