Goods and services expense in East Asia & Pacific
East Asia & Pacific: Goods and services expense was 17.0% in 2022. ▼ Falling
Goods and services expense in East Asia & Pacific, 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 stood at 17.0%.
The figure is up 8.1% on the previous year and down 19.5% over ten years.
Over the whole period, goods and services expense in East Asia & Pacific peaked at 26.2% in 2008 and was at its lowest, 15.8%, in 2021.
East Asia & Pacific ranks 14th of 41 groups on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 17 years of available data.
Goods and services expense in East Asia & Pacific, year by year
| Year | % of expense | Change |
|---|---|---|
| 2002 | 19.2% | — |
| 2003 | 23.2% | +20.8% |
| 2008 | 26.2% | +13.0% |
| 2009 | 17.1% | -34.9% |
| 2010 | 20.2% | +18.2% |
| 2011 | 19.0% | -5.8% |
| 2012 | 21.2% | +11.3% |
| 2013 | 20.6% | -2.5% |
| 2014 | 19.9% | -3.7% |
| 2015 | 21.5% | +8.0% |
| 2016 | 20.9% | -2.8% |
| 2017 | 20.6% | -1.1% |
| 2018 | 20.2% | -1.9% |
| 2019 | 18.3% | -9.4% |
| 2020 | 15.8% | -14.0% |
| 2021 | 15.8% | -0.2% |
| 2022 | 17.0% | +8.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 21.4% | 17.1% | 26.2% | 4 |
| 2010s | 20.2% | 18.3% | 21.5% | 10 |
| 2020s | 16.2% | 15.8% | 17.0% | 3 |
Countries ranked near East Asia & Pacific
- 11 Guinea-Bissau 32.4% compare
- 12 Central African Republic 31.7% compare
- 13 Vanuatu 29.8% compare
- 14 Kiribati 29.4% compare
- 15 Angola 29.4% compare
- 16 United Arab Emirates 28.9% compare
- 17 Botswana 28.4% compare
More public sector data for East Asia & Pacific
- Arms imports 4.69 billion SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 1.96 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0001 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 12.28 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 4.69 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 217.12 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0161 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 6.09 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 518.54 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 170.8 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is goods and services expense in East Asia & Pacific?
- Goods and services expense in East Asia & Pacific was 17.0% 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?
- The highest recorded value was 26.2% in 2008.
- What is the lowest goods and services expense recorded in East Asia & Pacific?
- The lowest recorded value was 15.8% in 2021.
- How does East Asia & Pacific rank for goods and services expense?
- East Asia & Pacific ranks 14th out of 41 groups with data for 2022.
- Is goods and services expense rising or falling in East Asia & Pacific?
- Over the last ten years it is down 19.5%. The long-run trend across the full record is falling.
- Where does this East Asia & Pacific 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.