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A request that this article title be changed to List of countries by past government spending is under discussion. Please do not move this article until the discussion is closed. This article lists countries alphabetically, with total government expenditure as percentage of Gross domestic product (GDP) for the listed countries.
The median gross household income in 2017-2018 is A$1,701 per week or A$88,695 per year. As of 30 June 2018 (end of fiscal year), one Australia dollar is equivalent of 0.7406 U.S. dollar. Using this exchange rate, the median gross household income in Australia is US$65,687 in 2017–18. [16]
This is a list of countries by household final consumption expenditure per capita, that is, the market value of all goods and services, including durable products (such as cars, washing machines, and home computers), purchased by households during one year, divided by the country's average (or mid-year) population for the same year.
Apart from being on an accrual basis, total expenditure differs from the GFSM 1986 definition of total expenditure in the sense that it also takes the disposals of nonfinancial assets into account. Values are based upon GDP in national currency converted to U.S. dollars using market exchange rates (yearly average).
Growth in spending and revenues over time reflect the growth of the economy and the responsibilities of the Commonwealth government. In comparison with similar economies, [a] Australia's government spending is relatively low. For the twenty-year period from 1960 to 1980, the growth in spending roughly matched percentages in the much higher ...
Total net social spending in terms of percent of GDP, takes into account public and private social expenditure, and also includes the effect of direct taxes (income tax and social security contributions), indirect taxation of consumption on cash benefits, as well as tax breaks for social purposes. [1]
What does the average U.S. household spend on groceries per month? According to 2019 data from the Bureau of Labor Statistics, the average spending on food at home is $4,643 annually or about $386 ...
Household income can be measured on various bases, such as per household, per capita, per earner, or on an equivalised basis. Because the number of people or earners per household can vary significantly between regions and over time, the choice of measurement basis can impact household income rankings and trends.