Annual government expenditure by function (COFOG) — Gross capital in Italy
Italy: Annual government expenditure by function (COFOG) — Gross capital was 79,675 National currency in 2024. ▲ Rising
Annual government expenditure by function (COFOG) — Gross capital in Italy, 1995–2024
Source: Organisation for Economic Co-operation and Development. Measured in National currency.
Analysis
In 2024, annual government expenditure by function (cofog) — gross capital in Italy stood at 79,675 National currency. That is the highest value across all 30 years on record.
The figure is up 16.8% on the previous year and up 107.8% over ten years.
Over the whole period, annual government expenditure by function (cofog) — gross capital in Italy peaked at 79,675 National currency in 2024 and was at its lowest, 25,869 National currency, in 1995.
Italy ranks 18th of 28 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 30 years of available data.
Annual government expenditure by function (COFOG) — Gross capital in Italy, year by year
| Year | National currency | Change |
|---|---|---|
| 1995 | 25,869 National currency | — |
| 1996 | 28,366 National currency | +9.7% |
| 1997 | 29,438 National currency | +3.8% |
| 1998 | 31,679 National currency | +7.6% |
| 1999 | 34,047 National currency | +7.5% |
| 2000 | 35,144 National currency | +3.2% |
| 2001 | 39,233 National currency | +11.6% |
| 2002 | 33,733 National currency | -14.0% |
| 2003 | 42,078 National currency | +24.7% |
| 2004 | 46,078 National currency | +9.5% |
| 2005 | 47,374 National currency | +2.8% |
| 2006 | 49,352 National currency | +4.2% |
| 2007 | 50,378 National currency | +2.1% |
| 2008 | 51,325 National currency | +1.9% |
| 2009 | 57,798 National currency | +12.6% |
| 2010 | 49,795 National currency | -13.8% |
| 2011 | 47,844 National currency | -3.9% |
| 2012 | 43,125 National currency | -9.9% |
| 2013 | 40,796 National currency | -5.4% |
| 2014 | 38,349 National currency | -6.0% |
| 2015 | 40,944 National currency | +6.8% |
| 2016 | 39,168 National currency | -4.3% |
| 2017 | 38,623 National currency | -1.4% |
| 2018 | 38,422 National currency | -0.5% |
| 2019 | 42,521 National currency | +10.7% |
| 2020 | 46,770 National currency | +10.0% |
| 2021 | 53,524 National currency | +14.4% |
| 2022 | 60,882 National currency | +13.7% |
| 2023 | 68,238 National currency | +12.1% |
| 2024 | 79,675 National currency | +16.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 29,880 National currency | 25,869 National currency | 34,047 National currency | 5 |
| 2000s | 45,249 National currency | 33,733 National currency | 57,798 National currency | 10 |
| 2010s | 41,959 National currency | 38,349 National currency | 49,795 National currency | 10 |
| 2020s | 61,818 National currency | 46,770 National currency | 79,675 National currency | 5 |
Countries ranked near Italy
- 15 United Kingdom of Great Britain and Northern Ireland 92,572 National currency compare
- 16 Denmark 91,294 National currency compare
- 17 Israel 84,527 National currency compare
- 19 Spain 43,037 National currency compare
- 20 Switzerland 26,411 National currency compare
- 21 Austria 19,913 National currency compare
More public sector data for Italy
- Arms imports 432.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 7.33 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0002 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate -10.93 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 432.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 643.98 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0159 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 2.79 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 37.96 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 1,640 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is annual government expenditure by function (cofog) — gross capital in Italy?
- Annual government expenditure by function (cofog) — gross capital in Italy was 79,675 National currency in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest annual government expenditure by function (cofog) — gross capital recorded in Italy?
- The highest recorded value was 79,675 National currency in 2024.
- What is the lowest annual government expenditure by function (cofog) — gross capital recorded in Italy?
- The lowest recorded value was 25,869 National currency in 1995.
- How does Italy rank for annual government expenditure by function (cofog) — gross capital?
- Italy ranks 18th out of 28 countries with data for 2024.
- Is annual government expenditure by function (cofog) — gross capital rising or falling in Italy?
- Over the last ten years it is up 107.8%. The long-run trend across the full record is rising.
- Where does this Italy data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Annual government expenditure by function (COFOG) — Gross capital formation and acquisitions less disposals of non-produced assets. Statizoid updates them automatically from the source API.
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About this data
This table provides a breakdown of government expenditure according to the Classification of the Functions of Government (COFOG), which shows how much governments spend in areas such as health, education, environmental protection, defence and servicing public debt. The presentation is on a country-by-country basis. Users are recommended to select one country (or area) at a time in the ‘Reference area’ filter. Data is presented for each country in national currency as well as in euros for the European Union and the euro area. Data are also available, for most countries, for the sub-sectors of general government. Specific categories of expenditure (such as health and education) can be selected using the ‘Expenditure’ filter, while details of the type of expenditure such as compensation of employees (payment of wages and salaries and employers’ social contributions) can be selected using the ‘Transaction’ filter. For government final consumption expenditure a breakdown is also provided, in the ‘Transaction’ filter, between individual and collective consumption expenditure. Data is for General Government. For most countries, results are also available for the General Government sub-sectors: central, local and state (regional) government and social security. These sub-sectors can be selected using the ‘Institutional sector’ filter. These indicators were presented in the previous dissemination system in the SNA_TABLE11 dataset. See ANA Changes for information on changes in methodology: ANA Changes Explore also the Government Finances and Public Sector Debt webpage: Government Finances and Public Sector Debt webpage OECD statistics contact: STAT.Contact@oecd.org