Guatemala vs Latvia: General government final consumption expenditure
General government final consumption expenditure over time
- Guatemala
- Latvia
How they compare
Guatemala currently reports 14.13 billion current US$ against 11.14 billion current US$ in Latvia, a difference of 2.99 billion current US$.
That makes Guatemala's figure about 1.3 times Latvia's.
The two have swapped places 3 times across 31 shared years of data; in 1995 it was Latvia ahead.
Globally, Guatemala ranks 78th and Latvia ranks 81st 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 indicator is expressed in United States dollars.