Goods and services expense in Europe & Central Asia
Europe & Central Asia: Goods and services expense was 8.9% in 2023. ▼ Falling
Goods and services expense in Europe & Central Asia, 1993–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
In 2023, goods and services expense in Europe & Central Asia stood at 8.9%.
The figure is down 5.4% on the previous year and down 2.0% over ten years.
Over the whole period, goods and services expense in Europe & Central Asia peaked at 11.2% in 1994 and was at its lowest, 7.9%, in 1996.
That places Europe & Central Asia 33rd out of 41 groups with data for 2023, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 31 years of available data.
Goods and services expense in Europe & Central Asia, year by year
| Year | % of expense | Change |
|---|---|---|
| 1993 | 10.2% | — |
| 1994 | 11.2% | +10.3% |
| 1995 | 8.1% | -28.0% |
| 1996 | 7.9% | -2.7% |
| 1997 | 9.4% | +19.1% |
| 1998 | 8.6% | -8.6% |
| 1999 | 8.6% | +0.1% |
| 2000 | 9.8% | +14.8% |
| 2001 | 10.0% | +2.2% |
| 2002 | 9.7% | -3.9% |
| 2003 | 8.8% | -8.4% |
| 2004 | 9.2% | +4.1% |
| 2005 | 9.6% | +4.6% |
| 2006 | 10.2% | +5.6% |
| 2007 | 10.4% | +2.2% |
| 2008 | 9.9% | -4.2% |
| 2009 | 9.7% | -2.6% |
| 2010 | 9.6% | -0.9% |
| 2011 | 9.3% | -3.1% |
| 2012 | 9.7% | +4.1% |
| 2013 | 9.1% | -6.2% |
| 2014 | 8.8% | -3.3% |
| 2015 | 9.2% | +4.9% |
| 2016 | 8.8% | -4.2% |
| 2017 | 8.7% | -1.6% |
| 2018 | 8.9% | +2.4% |
| 2019 | 8.8% | -1.1% |
| 2020 | 8.5% | -3.5% |
| 2021 | 9.0% | +5.5% |
| 2022 | 9.4% | +5.0% |
| 2023 | 8.9% | -5.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 9.1% | 7.9% | 11.2% | 7 |
| 2000s | 9.7% | 8.8% | 10.4% | 10 |
| 2010s | 9.1% | 8.7% | 9.7% | 10 |
| 2020s | 8.9% | 8.5% | 9.4% | 4 |
Countries ranked near Europe & Central Asia
- 30 Ecuador 24.6% compare
- 31 Niger 24.1%
- 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
More public sector data for Europe & Central Asia
- Arms imports 14.17 billion SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 15.26 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0005 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 23.95 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 14.17 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 774.37 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0245 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 19.52 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 719.05 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 416.81 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is goods and services expense in Europe & Central Asia?
- Goods and services expense in Europe & Central Asia was 8.9% 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 Europe & Central Asia?
- The highest recorded value was 11.2% in 1994.
- What is the lowest goods and services expense recorded in Europe & Central Asia?
- The lowest recorded value was 7.9% in 1996.
- How does Europe & Central Asia rank for goods and services expense?
- Europe & Central Asia ranks 33rd out of 41 groups with data for 2023.
- Is goods and services expense rising or falling in Europe & Central Asia?
- Over the last ten years it is down 2.0%. The long-run trend across the full record is falling.
- Where does this Europe & Central Asia 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
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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.