Goods and services expense in High income
High income: Goods and services expense was 8.6% in 2023. ▼ Falling
Goods and services expense in High income, 1974–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
In 2023, goods and services expense in High income stood at 8.6%.
That represents a change of down 5.6% on the previous year and down 2.0% over ten years.
Over the whole period, goods and services expense in High income peaked at 16.9% in 1974 and was at its lowest, 8.3%, in 2020.
High income ranks 34th of 39 groups on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 48 years of available data.
Goods and services expense in High income, year by year
| Year | % of expense | Change |
|---|---|---|
| 1974 | 16.9% | — |
| 1977 | 12.0% | -28.9% |
| 1978 | 12.9% | +7.8% |
| 1979 | 11.1% | -13.8% |
| 1980 | 11.4% | +2.1% |
| 1981 | 12.2% | +7.1% |
| 1982 | 11.7% | -3.8% |
| 1983 | 12.0% | +2.3% |
| 1984 | 12.0% | +0.4% |
| 1985 | 12.1% | +0.1% |
| 1986 | 10.8% | -10.8% |
| 1987 | 12.1% | +12.6% |
| 1988 | 14.4% | +18.9% |
| 1989 | 13.8% | -4.3% |
| 1990 | 12.2% | -11.7% |
| 1991 | 10.9% | -10.1% |
| 1992 | 12.3% | +12.9% |
| 1993 | 13.4% | +8.3% |
| 1994 | 12.5% | -6.6% |
| 1995 | 9.8% | -21.3% |
| 1996 | 9.6% | -2.5% |
| 1997 | 10.1% | +5.0% |
| 1998 | 10.7% | +6.8% |
| 1999 | 9.0% | -15.8% |
| 2000 | 9.8% | +8.6% |
| 2001 | 9.8% | -0.3% |
| 2002 | 9.6% | -1.8% |
| 2003 | 9.0% | -6.4% |
| 2004 | 9.2% | +2.4% |
| 2005 | 9.6% | +4.0% |
| 2006 | 9.8% | +2.1% |
| 2007 | 9.8% | -0.2% |
| 2008 | 9.9% | +1.6% |
| 2009 | 9.7% | -2.3% |
| 2010 | 9.5% | -2.3% |
| 2011 | 9.2% | -2.8% |
| 2012 | 9.7% | +5.2% |
| 2013 | 8.7% | -9.9% |
| 2014 | 9.0% | +3.2% |
| 2015 | 9.2% | +2.2% |
| 2016 | 8.8% | -4.7% |
| 2017 | 8.7% | -0.6% |
| 2018 | 8.8% | +1.2% |
| 2019 | 8.9% | +0.3% |
| 2020 | 8.3% | -6.6% |
| 2021 | 8.8% | +6.0% |
| 2022 | 9.1% | +3.3% |
| 2023 | 8.6% | -5.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 13.2% | 11.1% | 16.9% | 4 |
| 1980s | 12.2% | 10.8% | 14.4% | 10 |
| 1990s | 11.0% | 9.0% | 13.4% | 10 |
| 2000s | 9.6% | 9.0% | 9.9% | 10 |
| 2010s | 9.0% | 8.7% | 9.7% | 10 |
| 2020s | 8.7% | 8.3% | 9.1% | 4 |
Countries ranked near High income
- 31 Niger 24.1% compare
- 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
More public sector data for High income
- Arms imports 17.59 billion SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 12.4 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 16.09 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 17.59 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 1,385 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0272 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 12.96 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 1.96 trillion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 292.64 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is goods and services expense in High income?
- Goods and services expense in High income was 8.6% 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 High income?
- The highest recorded value was 16.9% in 1974.
- What is the lowest goods and services expense recorded in High income?
- The lowest recorded value was 8.3% in 2020.
- How does High income rank for goods and services expense?
- High income ranks 34th out of 39 groups with data for 2023.
- Is goods and services expense rising or falling in High income?
- Over the last ten years it is down 2.0%. The long-run trend across the full record is falling.
- Where does this High income 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.