REFLECTION OF ECONOMIC DEVELOPMENT OF SELECTED COUNTRIES IN THE STRUCTURE OF FINAL CONSUMPTION EXPENDITURE

The paper analyzes the evolution of the share of final consumption expenditure on aggregate GDP in thirty countries. From the economic point of view, the analysis of final consumption expenditure changes on GDP in connection with the changes in business cycle phases is ambiguous. The authors used their own original statistical test. It shows, on the one hand, how these shares rise in the years of economic crisis, while on the other hand, how they decline during years of economic prosperity. The test also assesses the significance of these changes. The result of the analysis explains the significant changes in the share of final consumption expenditure on GDP over the years.