Gross national expenditure (current US$)

This economic indicator quantifies the total resources consumed or invested within a nation, reflecting the aggregate value of household consumption, government spending, and capital investments. It encompasses the expenditure patterns of households, capturing their consumption of goods and services, while also accounting for governmental fiscal activities that drive public welfare. Moreover, it includes gross capital formation, illustrating the nation's investment in infrastructure and capacity-building assets. Expressed in current U.S. dollars, this metric not only provides insights into the overall economic health and spending behaviors of a country but also serves as a critical tool for comparing economic performance across different nations and time periods, highlighting shifts in consumer and governmental priorities. Source: