Goods and services expense in Italy
Italy: Goods and services expense was 32.52 billion current LCU in 2024. ▲ Rising
Goods and services expense in Italy, 1973–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for goods and services expense in Italy is 32.52 billion current LCU, measured in 2024. That is the highest value across all 47 years on record.
That represents a change of up 11.9% on the previous year and up 58.5% over ten years.
Over the whole period, goods and services expense in Italy peaked at 32.52 billion current LCU in 2024 and was at its lowest, 943.57 million current LCU, in 1973.
Italy ranks 79th of 155 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 47 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.80 billion current LCU | 943.57 million current LCU | 3.31 billion current LCU | 7 |
| 1980s | 9.79 billion current LCU | 4.25 billion current LCU | 12.64 billion current LCU | 5 |
| 1990s | 15.31 billion current LCU | 13.17 billion current LCU | 17.24 billion current LCU | 10 |
| 2000s | 21.76 billion current LCU | 18.96 billion current LCU | 23.52 billion current LCU | 10 |
| 2010s | 22.47 billion current LCU | 20.51 billion current LCU | 24.09 billion current LCU | 10 |
| 2020s | 27.57 billion current LCU | 22.68 billion current LCU | 32.52 billion current LCU | 5 |
Countries ranked near Italy
More public sector data for Italy
- Arms imports 432.00 million SIPRI trend indicator values (2024)
- Tax revenue 25.6% (2024)
- Taxes on income, profits and capital gains 34.7% (2024)
- Taxes on goods and services 23.7% (2024)
- Net investment in nonfinancial assets 1.6% (2024)
- Net lending (+) / net borrowing (-) -3.4% (2024)
- Interest payments 9.4% (2024)
- Grants and other revenue 6.5% (2024)
- Interest payments 7.6% (2023)
- Other taxes 4.2% (2024)
Frequently asked questions
- What is goods and services expense in Italy?
- Goods and services expense in Italy was 32.52 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest goods and services expense recorded in Italy?
- The highest recorded value was 32.52 billion current LCU in 2024.
- What is the lowest goods and services expense recorded in Italy?
- The lowest recorded value was 943.57 million current LCU in 1973.
- How does Italy rank for goods and services expense?
- Italy ranks 79th out of 155 countries with data for 2024.
- Is goods and services expense rising or falling in Italy?
- Over the last ten years it is up 58.5%. The long-run trend across the full record is rising.
- Where does this Italy 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.
Download this data
CSV · JSON — 47 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.