Gross national expenditure (% of GDP)

Gross national expenditure represents a comprehensive measure of economic activity, encapsulating the total expenditure on goods and services within a nation over a specific period. This indicator includes the spending by households on consumer goods and services, the outlays by government on public services and infrastructure, and business investments in capital goods. By highlighting the proportion of national income allocated towards consumption and investment, this measure serves as a crucial gauge of domestic demand and economic vitality. Moreover, trending patterns in this expenditure can offer crucial insights into consumer confidence, government fiscal policy, and overall economic health, making it a vital tool for policymakers and economists in assessing both current performance and future growth potential. Source: