Goods and services expense in Caribbean Small States
Caribbean Small States: Goods and services expense was 22.1% in 2019. ▲ Rising
Goods and services expense in Caribbean Small States, 2001–2019
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
Caribbean Small States recorded 22.1% for goods and services expense in 2019.
Compared with earlier readings it is down 1.7% on the previous year and up 18.1% over ten years.
Over the whole period, goods and services expense in Caribbean Small States peaked at 23.2% in 2016 and was at its lowest, 13.7%, in 2008.
That places Caribbean Small States 4th out of 39 groups with data for 2019, putting it in the top 10%.
The long-run direction has been consistently rising across the 18 years of available data.
Goods and services expense in Caribbean Small States, year by year
| Year | % of expense | Change |
|---|---|---|
| 2001 | 14.9% | — |
| 2002 | 14.3% | -3.8% |
| 2003 | 15.7% | +9.9% |
| 2004 | 18.1% | +15.0% |
| 2005 | 19.0% | +5.3% |
| 2006 | 15.8% | -16.7% |
| 2007 | 17.0% | +7.5% |
| 2008 | 13.7% | -19.4% |
| 2009 | 18.7% | +36.0% |
| 2010 | 18.2% | -2.7% |
| 2012 | 22.0% | +21.0% |
| 2013 | 21.4% | -2.7% |
| 2014 | 21.8% | +2.0% |
| 2015 | 21.8% | -0.3% |
| 2016 | 23.2% | +6.4% |
| 2017 | 21.9% | -5.5% |
| 2018 | 22.5% | +2.5% |
| 2019 | 22.1% | -1.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 16.4% | 13.7% | 19.0% | 9 |
| 2010s | 21.7% | 18.2% | 23.2% | 9 |
Countries ranked near Caribbean Small States
- 1 Afghanistan 54.8% compare
- 2 Tonga 46.5% compare
- 3 Myanmar 45.7% compare
- 4 Samoa 44.8% compare
- 5 Azerbaijan 42.5% compare
- 6 Solomon Islands 38.5% compare
- 7 Ukraine 35.7% compare
More public sector data for Caribbean Small States
- Tax revenue 17.7% (2017)
- Taxes on income, profits and capital gains 26.1% (2019)
- Taxes on goods and services 20.8% (2019)
- Net investment in nonfinancial assets 2.4% (2017)
- Net lending (+) / net borrowing (-) -5.5% (2017)
- Interest payments 13.2% (2019)
- Grants and other revenue 18.7% (2019)
- Interest payments 9.6% (2019)
- Other taxes 16.1% (2019)
- Compensation of employees 32.1% (2019)
Frequently asked questions
- What is goods and services expense in Caribbean Small States?
- Goods and services expense in Caribbean Small States was 22.1% in 2019, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest goods and services expense recorded in Caribbean Small States?
- The highest recorded value was 23.2% in 2016.
- What is the lowest goods and services expense recorded in Caribbean Small States?
- The lowest recorded value was 13.7% in 2008.
- How does Caribbean Small States rank for goods and services expense?
- Caribbean Small States ranks 4th out of 39 groups with data for 2019.
- Is goods and services expense rising or falling in Caribbean Small States?
- Over the last ten years it is up 18.1%. The long-run trend across the full record is rising.
- Where does this Caribbean Small States 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 (% of expense). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 18 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 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.