Expense (% of GDP)

This indicator quantifies the total cash outlays by the government to facilitate its operational functions, encompassing a broad array of expenditures aimed at delivering essential goods and services to the populace. It captures not only the wages and benefits paid to employees but also the financial commitments involved in interest, subsidies, and grants. Social expenditures, which support welfare programs and enhance public quality of life, are integral to this measure, along with miscellaneous costs such as rent and dividends. Analyzing this metric in relation to GDP provides crucial insights into a country's fiscal health, efficiency of public spending, and its prioritization of social and economic development initiatives, helping to gauge the overall impact of government financial activities on the economy. Source: