World Bank · Economy

Eritrea: General government final consumption expenditure (constant LCU)

8.45Bconstant LCU · 2011+169.4% since 2001

Final consumption expenditure is expenditure on goods and services by resident institutional units for the direct satisfaction of human needs or wants, whether individual or collective. General government FCE includes all government current expenditures for purchases of goods and services (including compensation of employees), and most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units. Annual figures for Eritrea from 1992 to 2011.