Goods and services expense in Australia
Australia: Goods and services expense was 69.37 billion current LCU in 2022. ▲ Rising
Goods and services expense in Australia, 1990–2022
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Australia recorded 69.37 billion current LCU for goods and services expense in 2022. That is the highest value across all 33 years on record.
Compared with earlier readings it is up 13.3% on the previous year and up 74.6% over ten years.
Over the whole period, goods and services expense in Australia peaked at 69.37 billion current LCU in 2022 and was at its lowest, 14.05 billion current LCU, in 1999.
That places Australia 66th out of 155 countries with data for 2022, putting it in the middle of the range.
The long-run direction has been consistently rising across the 33 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 28.98 billion current LCU | 14.05 billion current LCU | 38.51 billion current LCU | 10 |
| 2000s | 24.07 billion current LCU | 16.87 billion current LCU | 33.15 billion current LCU | 10 |
| 2010s | 43.45 billion current LCU | 34.47 billion current LCU | 54.85 billion current LCU | 10 |
| 2020s | 63.04 billion current LCU | 58.53 billion current LCU | 69.37 billion current LCU | 3 |
Countries ranked near Australia
More public sector data for Australia
- Arms imports 983.00 million SIPRI trend indicator values (2024)
- Tax revenue 23.6% (2022)
- Taxes on income, profits and capital gains 67.9% (2022)
- Taxes on goods and services 17.8% (2022)
- Net investment in nonfinancial assets 0.8% (2022)
- Net lending (+) / net borrowing (-) -1.3% (2022)
- Interest payments 3.1% (2022)
- Grants and other revenue 11.5% (2022)
- Interest payments 3.0% (2022)
- Other taxes 0.2% (2022)
Frequently asked questions
- What is goods and services expense in Australia?
- Goods and services expense in Australia was 69.37 billion current LCU in 2022, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest goods and services expense recorded in Australia?
- The highest recorded value was 69.37 billion current LCU in 2022.
- What is the lowest goods and services expense recorded in Australia?
- The lowest recorded value was 14.05 billion current LCU in 1999.
- How does Australia rank for goods and services expense?
- Australia ranks 66th out of 155 countries with data for 2022.
- Is goods and services expense rising or falling in Australia?
- Over the last ten years it is up 74.6%. The long-run trend across the full record is rising.
- Where does this Australia data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Goods and services expense (current LCU). Statizoid updates them automatically from the source API.
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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 account capital formation is excluded. 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.