Latin America & Caribbean (excluding high income) vs Singapore: Goods and services expense
Goods and services expense over time
- Latin America & Caribbean (excluding high income)
- Singapore
How they compare
Singapore currently reports 27.9% against 14.0% in Latin America & Caribbean (excluding high income), a difference of 13.9%.
That makes Singapore's figure about 2.0 times Latin America & Caribbean (excluding high income)'s.
Across all 17 years both countries report, Singapore has been ahead every year.
Latin America & Caribbean (excluding high income) ranks 21st and Singapore ranks 21st of 41 groups.
Singapore has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Latin America & Caribbean (excluding high income) | Singapore | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 14.4% | 34.2% | 19.8% | Singapore |
| 2010s | 13.8% | 33.0% | 19.1% | Singapore |
| 2020s | 13.9% | 28.7% | 14.7% | Singapore |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher goods and services expense, Latin America & Caribbean (excluding high income) or Singapore?
- Singapore, at 27.9% against 14.0% in Latin America & Caribbean (excluding high income) as of 2023.
- What is the difference in goods and services expense between Latin America & Caribbean (excluding high income) and Singapore?
- 13.9%, with Singapore ahead.
- How many years of comparable data are there for Latin America & Caribbean (excluding high income) and Singapore?
- 17 years are reported by both, from 2000 to 2023.
- How do Latin America & Caribbean (excluding high income) and Singapore rank globally for goods and services expense?
- Latin America & Caribbean (excluding high income) ranks 21st and Singapore ranks 21st of 41 groups.
- Where does this data come from?
- Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as Goods and services expense (% of expense). Statizoid refreshes it automatically from the source and publishes the full history for both places.
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About this data
Goods and services include all government payments in exchange for goods and services used for the production of market and nonmarket goods and services. Use of goods and services for own account capital formation is excluded. This indicator is expressed as percentage of total expenses which is any decrease in net worth resulting from a transaction.