Government expenditure (% of GDP) in Micronesia

This indicator measures general government total expenditure as a percentage of GDP. It captures all spending by the consolidated public sector in a given year, including wages and social benefits, interest payments, subsidies, transfers, and net acquisition of nonfinancial assets. Comparing expenditure-to-GDP ratios across countries shows the size of government relative to the economy. A higher ratio means the public sector accounts for a larger share of economic activity.
The series follows the IMF World Economic Outlook definition of government expenditure, under the Government Finance Statistics Manual (GFSM) framework.