Goods and services expense (% of expense) in Euro area
Euro area: Goods and services expense (% of expense) was 8.1% in 2023. ▼ Falling
Goods and services expense in Euro area, 1974–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
Euro area recorded 8.1% for goods and services expense in 2023.
The figure is down 0.6% on the previous year and up 5.2% over ten years.
Over the whole period, goods and services expense in Euro area peaked at 10.9% in 1974 and was at its lowest, 7.1%, in 1996.
That places Euro area 35th out of 41 groups with data for 2023, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 50 years of available data.
Goods and services expense (% of expense) in Euro area, year by year
| Year | % of expense | Change |
|---|---|---|
| 1974 | 10.9% | — |
| 1975 | 10.8% | -1.6% |
| 1976 | 10.1% | -6.1% |
| 1977 | 9.9% | -1.8% |
| 1978 | 9.0% | -9.7% |
| 1979 | 9.4% | +5.3% |
| 1980 | 10.3% | +8.9% |
| 1981 | 10.4% | +1.4% |
| 1982 | 10.3% | -1.1% |
| 1983 | 10.2% | -1.0% |
| 1984 | 10.1% | -0.6% |
| 1985 | 10.1% | +0.0% |
| 1986 | 9.5% | -6.4% |
| 1987 | 9.9% | +4.0% |
| 1988 | 10.0% | +1.3% |
| 1989 | 9.8% | -1.9% |
| 1990 | 10.8% | +10.5% |
| 1991 | 9.0% | -16.8% |
| 1992 | 9.3% | +3.5% |
| 1993 | 9.4% | +1.1% |
| 1994 | 10.4% | +9.8% |
| 1995 | 7.4% | -28.3% |
| 1996 | 7.1% | -4.2% |
| 1997 | 7.7% | +7.8% |
| 1998 | 7.5% | -2.4% |
| 1999 | 7.7% | +3.2% |
| 2000 | 7.9% | +2.7% |
| 2001 | 8.1% | +2.1% |
| 2002 | 8.0% | -1.4% |
| 2003 | 8.0% | -0.1% |
| 2004 | 8.1% | +0.8% |
| 2005 | 8.1% | +0.9% |
| 2006 | 9.7% | +18.9% |
| 2007 | 9.4% | -2.3% |
| 2008 | 8.7% | -7.9% |
| 2009 | 9.1% | +4.4% |
| 2010 | 8.4% | -7.0% |
| 2011 | 8.5% | +1.0% |
| 2012 | 7.6% | -10.9% |
| 2013 | 7.7% | +1.2% |
| 2014 | 7.6% | -0.7% |
| 2015 | 7.9% | +3.0% |
| 2016 | 8.2% | +4.4% |
| 2017 | 8.2% | +0.1% |
| 2018 | 7.9% | -4.1% |
| 2019 | 7.7% | -1.6% |
| 2020 | 7.9% | +1.7% |
| 2021 | 8.2% | +4.7% |
| 2022 | 8.1% | -1.4% |
| 2023 | 8.1% | -0.6% |
Biggest year-on-year movements
Years where Goods and services expense (% of expense) in Euro area changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1995 | -28.3% | 10.4% | 7.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 10.0% | 9.0% | 10.9% | 6 |
| 1980s | 10.1% | 9.5% | 10.4% | 10 |
| 1990s | 8.6% | 7.1% | 10.8% | 10 |
| 2000s | 8.5% | 7.9% | 9.7% | 10 |
| 2010s | 8.0% | 7.6% | 8.5% | 10 |
| 2020s | 8.1% | 7.9% | 8.2% | 4 |
Countries ranked near Euro area
- 32 Papua New Guinea 23.1% compare
- 33 San Marino 22.9% compare
- 34 Philippines 22.3% compare
- 35 Trinidad and Tobago 22.1% compare
- 36 Senegal 21.9% compare
- 37 Tajikistan 21.7% compare
- 38 Bahamas 21.6% compare
More public sector data for Euro area
- Arms imports 6.08 billion SIPRI trend indicator values (2025)
- Arms imports (SIPRI trend indicator values), per capita 9.21 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0002 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 41.65 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 3.29 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 806.84 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0174 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 16.6 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 288.53 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 819.39 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is goods and services expense in Euro area?
- Goods and services expense in Euro area was 8.1% in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest goods and services expense recorded in Euro area?
- The highest recorded value was 10.9% in 1974.
- What is the lowest goods and services expense recorded in Euro area?
- The lowest recorded value was 7.1% in 1996.
- How does Euro area rank for goods and services expense?
- Euro area ranks 35th out of 41 groups with data for 2023.
- Is goods and services expense rising or falling in Euro area?
- Over the last ten years it is up 5.2%. The long-run trend across the full record is falling.
- Where does this Euro area 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.