Ecuador vs Luxembourg: General government final consumption expenditure
General government final consumption expenditure over time
- Ecuador
- Luxembourg
How they compare
Luxembourg currently reports 17.77 billion current LCU against 16.71 billion current LCU in Ecuador, a difference of 1.06 billion current LCU.
That makes Luxembourg's figure about 1.1 times Ecuador's.
The two have swapped places 5 times across 56 shared years of data; in 1970 it was Ecuador ahead.
Globally, Ecuador ranks 143rd and Luxembourg ranks 140th of 186 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.