Latin America & the Caribbean (IDA & IBRD countries) vs Singapore: Goods and services expense
Goods and services expense over time
- Latin America & the Caribbean (IDA & IBRD countries)
- Singapore
How they compare
Singapore currently reports 27.9% against 11.7% in Latin America & the Caribbean (IDA & IBRD countries), a difference of 16.2%.
That makes Singapore's figure about 2.4 times Latin America & the Caribbean (IDA & IBRD countries)'s.
Across all 26 years both countries report, Singapore has been ahead every year.
Latin America & the Caribbean (IDA & IBRD countries) ranks 24th and Singapore ranks 21st of 41 groups.
Singapore has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Latin America & the Caribbean (IDA & IBRD countries) | Singapore | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 14.6% | 34.1% | 19.5% | Singapore |
| 2000s | 14.1% | 36.1% | 22.0% | Singapore |
| 2010s | 13.1% | 33.0% | 19.9% | Singapore |
| 2020s | 12.8% | 28.7% | 15.9% | Singapore |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher goods and services expense, Latin America & the Caribbean (IDA & IBRD countries) or Singapore?
- Singapore, at 27.9% against 11.7% in Latin America & the Caribbean (IDA & IBRD countries) as of 2023.
- What is the difference in goods and services expense between Latin America & the Caribbean (IDA & IBRD countries) and Singapore?
- 16.2%, with Singapore ahead.
- How many years of comparable data are there for Latin America & the Caribbean (IDA & IBRD countries) and Singapore?
- 26 years are reported by both, from 1998 to 2023.
- How do Latin America & the Caribbean (IDA & IBRD countries) and Singapore rank globally for goods and services expense?
- Latin America & the Caribbean (IDA & IBRD countries) ranks 24th 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.
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.