Goods and services expense in East Asia & Pacific (IDA & IBRD countries)
East Asia & Pacific (IDA & IBRD countries): Goods and services expense was 21.5% in 2022. ▼ Falling
Goods and services expense in East Asia & Pacific (IDA & IBRD countries), 2002–2022
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
In 2022, goods and services expense in East Asia & Pacific (IDA & IBRD countries) stood at 21.5%.
That represents a change of up 16.4% on the previous year and down 16.4% over ten years.
Over the whole period, goods and services expense in East Asia & Pacific (IDA & IBRD countries) peaked at 28.6% in 2010 and was at its lowest, 18.1%, in 2020.
That places East Asia & Pacific (IDA & IBRD countries) 5th out of 41 groups with data for 2022, putting it in the top 10%.
The long-run direction has been consistently falling across the 17 years of available data.
Goods and services expense in East Asia & Pacific (IDA & IBRD countries), year by year
| Year | % of expense | Change |
|---|---|---|
| 2002 | 19.2% | — |
| 2003 | 23.2% | +20.8% |
| 2008 | 26.2% | +13.0% |
| 2009 | 19.6% | -25.2% |
| 2010 | 28.6% | +46.0% |
| 2011 | 25.2% | -11.8% |
| 2012 | 25.7% | +1.7% |
| 2013 | 23.7% | -7.8% |
| 2014 | 24.4% | +2.9% |
| 2015 | 24.4% | +0.1% |
| 2016 | 23.0% | -5.8% |
| 2017 | 21.9% | -4.8% |
| 2018 | 21.2% | -3.3% |
| 2019 | 19.8% | -6.3% |
| 2020 | 18.1% | -8.5% |
| 2021 | 18.4% | +1.6% |
| 2022 | 21.5% | +16.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 22.1% | 19.2% | 26.2% | 4 |
| 2010s | 23.8% | 19.8% | 28.6% | 10 |
| 2020s | 19.3% | 18.1% | 21.5% | 3 |
Countries ranked near East Asia & Pacific (IDA & IBRD countries)
More public sector data for East Asia & Pacific (IDA & IBRD countries)
- Arms imports 872.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 0.4124 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate -41.87 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 872.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 163.99 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0156 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 6.25 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 346.78 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 94.45 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is goods and services expense in East Asia & Pacific (IDA & IBRD countries)?
- Goods and services expense in East Asia & Pacific (IDA & IBRD countries) was 21.5% 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 East Asia & Pacific (IDA & IBRD countries)?
- The highest recorded value was 28.6% in 2010.
- What is the lowest goods and services expense recorded in East Asia & Pacific (IDA & IBRD countries)?
- The lowest recorded value was 18.1% in 2020.
- How does East Asia & Pacific (IDA & IBRD countries) rank for goods and services expense?
- East Asia & Pacific (IDA & IBRD countries) ranks 5th out of 41 groups with data for 2022.
- Is goods and services expense rising or falling in East Asia & Pacific (IDA & IBRD countries)?
- Over the last ten years it is down 16.4%. The long-run trend across the full record is falling.
- Where does this East Asia & Pacific (IDA & IBRD countries) 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.
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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 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.