This section presents data on government spending, investment, and the economy's capital stock.
The government offers a wide range of goods and services to its citizens via government spending on consumption and investment.
Government consumption refers to purchases of goods and services by the general government, for example the equipment and salaries of civil servants. Government consumption measures only the provision of public goods and services (e.g., education, health, security) and does not include transfer payments (e.g., pensions, unemployment benefits, welfare benefits). Government investment refers to spending that increases the economy's capital formation and infrastructure, such as investment in transportation and telecommunication networks.
The next graph presents the evolution of total government spending, decomposed into consumption and investment.
The final consumption component of GDP includes spending by the private sector (households and businesses) and by the government. The next graph decomposes total final consumption into private and government.
The investment component of GDP includes spending by the private sector and by the government. The next graph presents the breakdown of fixed investment in private and government.
The next graph decomposes fixed investment (gross fixed capital formation) according to the type of asset that was acquired, such as ICT equipment, housing, etc.
The next graph decomposes fixed investment (gross fixed capital formation) according to the sector where it took place.
The accumulated investment of past years, net of depreciation, constitutes the economy's capital stock. The capital stock constitutes a key input to the economy's production process. The next graph presents the evolution of the economy's capital stock, as well as its breakdown according to asset type.
The next graph decomposes the capital stock by economic sector.
The next graph decomposes the capital stock by the institutional sector (i.e., household, general government and financial or non-financial corporations) that own the capital and decompose that ownership in asset types.