High income - Goods and services expense (% of expense)

Goods and services expense (% of expense) in High income was 8.85 as of 2019. Its highest value over the past 46 years was 16.88 in 1974, while its lowest value was 8.39 in 2014.

Definition: Goods and services include all government payments in exchange for goods and services used for the production of market and nonmarket goods and services. Own-account capital formation is excluded.

Source: International Monetary Fund, Government Finance Statistics Yearbook and data files.

See also:

Year Value
1973 16.87
1974 16.88
1975 14.18
1976 16.65
1977 13.68
1978 14.32
1979 11.04
1980 11.69
1981 13.49
1982 11.77
1983 11.99
1984 12.04
1985 12.06
1986 10.75
1987 11.80
1988 11.25
1989 12.32
1990 11.39
1991 10.38
1992 11.18
1993 12.52
1994 11.29
1995 10.02
1996 9.60
1997 9.85
1998 10.17
1999 8.79
2000 8.49
2001 9.20
2002 9.30
2003 9.03
2004 9.17
2005 9.43
2006 10.04
2007 9.87
2008 9.79
2009 9.69
2010 9.61
2011 9.20
2012 8.96
2013 8.42
2014 8.39
2015 8.81
2016 8.75
2017 8.73
2018 8.67
2019 8.85

Limitations and Exceptions: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD). Despite IMF efforts to standardize data collection, statistics are often incomplete, untimely, and not comparable across countries.

Statistical Concept and Methodology: The IMF's Government Finance Statistics Manual 2014, harmonized with the 2008 SNA, recommends an accrual accounting method, focusing on all economic events affecting assets, liabilities, revenues, and expenses, not just those represented by cash transactions. It accounts for all changes in stocks, so stock data at the end of an accounting period equal stock data at the beginning of the period plus flows over the period. The 1986 manual considered only debt stocks. Government finance statistics are reported in local currency. Many countries report government finance data by fiscal year; see country metadata for information on fiscal year end by country.

Aggregation method: Median

Periodicity: Annual

Classification

Topic: Public Sector Indicators

Sub-Topic: Government finance