Latin America & Caribbean vs Saudi Arabia: Goods and services expense
Goods and services expense over time
- Latin America & Caribbean
- Saudi Arabia
How they compare
Saudi Arabia currently reports 27.4% against 11.7% in Latin America & Caribbean, a difference of 15.7%.
That makes Saudi Arabia's figure about 2.3 times Latin America & Caribbean's.
The two have swapped places 2 times across 14 shared years of data; in 2010 it was Saudi Arabia ahead.
Latin America & Caribbean ranks 24th and Saudi Arabia ranks 24th of 41 groups.
Saudi Arabia has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Latin America & Caribbean | Saudi Arabia | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 13.1% | 18.9% | 5.8% | Saudi Arabia |
| 2020s | 12.8% | 24.2% | 11.5% | Saudi Arabia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher goods and services expense, Latin America & Caribbean or Saudi Arabia?
- Saudi Arabia, at 27.4% against 11.7% in Latin America & Caribbean as of 2023.
- What is the difference in goods and services expense between Latin America & Caribbean and Saudi Arabia?
- 15.7%, with Saudi Arabia ahead.
- How many years of comparable data are there for Latin America & Caribbean and Saudi Arabia?
- 14 years are reported by both, from 2010 to 2023.
- How do Latin America & Caribbean and Saudi Arabia rank globally for goods and services expense?
- Latin America & Caribbean ranks 24th and Saudi Arabia ranks 24th 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.
Individual pages
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.