Italy vs United Kingdom: Expense
Italy
1.01 trillion current LCU
in 2023
United Kingdom
1.13 trillion current LCU
in 2023
Italy rank
60th
United Kingdom rank
57th
Expense over time
- Italy
- United Kingdom
How they compare
United Kingdom currently reports 1.13 trillion current LCU against 1.01 trillion current LCU in Italy, a difference of 121.67 billion current LCU.
That makes United Kingdom's figure about 1.1 times Italy's.
The two have swapped places 2 times across 46 shared years of data; in 1973 it was United Kingdom ahead.
Italy ranks 60th and United Kingdom ranks 57th of 157 countries.
Across the 6 decades both report, Italy averaged higher in 3 and United Kingdom in 3.
Head to head by decade
| Decade | Italy | United Kingdom | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 32.47 billion current LCU | 45.99 billion current LCU | 13.53 billion current LCU | United Kingdom |
| 1980s | 220.33 billion current LCU | 141.51 billion current LCU | 78.82 billion current LCU | Italy |
| 1990s | 431.51 billion current LCU | 288.18 billion current LCU | 143.32 billion current LCU | Italy |
| 2000s | 586.31 billion current LCU | 517.41 billion current LCU | 68.90 billion current LCU | Italy |
| 2010s | 724.47 billion current LCU | 749.21 billion current LCU | 24.75 billion current LCU | United Kingdom |
| 2020s | 933.78 billion current LCU | 1.05 trillion current LCU | 114.05 billion current LCU | United Kingdom |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher expense, Italy or United Kingdom?
- United Kingdom, at 1.13 trillion current LCU against 1.01 trillion current LCU in Italy as of 2023.
- What is the difference in expense between Italy and United Kingdom?
- 121.67 billion current LCU, with United Kingdom ahead.
- How many years of comparable data are there for Italy and United Kingdom?
- 46 years are reported by both, from 1973 to 2023.
- How do Italy and United Kingdom rank globally for expense?
- Italy ranks 60th and United Kingdom ranks 57th of 157 countries.
- Where does this data come from?
- Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as Expense (current LCU). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Expense is a decrease in net worth resulting from a transaction. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.