Libya vs Vanuatu: General government final consumption expenditure
General government final consumption expenditure over time
- Libya
- Vanuatu
How they compare
Vanuatu currently reports 33.16 billion constant LCU against 28.74 billion constant LCU in Libya, a difference of 4.42 billion constant LCU.
That makes Vanuatu's figure about 1.2 times Libya's.
The two have swapped places 1 time across 15 shared years of data; in 2010 it was Libya ahead.
Globally, Libya ranks 119th and Vanuatu ranks 117th of 175 countries.
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About this data
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.