Goods and services expense in IBRD only
IBRD only: Goods and services expense was 11.1% in 2023. ▼ Falling
Goods and services expense in IBRD only, 1995–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
IBRD only recorded 11.1% for goods and services expense in 2023. That is the lowest value across all 27 years on record.
Compared with earlier readings it is down 8.0% on the previous year and down 5.0% over ten years.
Over the whole period, goods and services expense in IBRD only peaked at 14.6% in 1995 and was at its lowest, 11.1%, in 2023.
That places IBRD only 27th out of 39 groups with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently falling across the 27 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 14.0% | 13.2% | 14.6% | 3 |
| 2000s | 13.4% | 12.1% | 14.5% | 10 |
| 2010s | 11.7% | 11.1% | 12.7% | 10 |
| 2020s | 11.7% | 11.1% | 12.5% | 4 |
Countries ranked near IBRD only
- 24 Saudi Arabia 27.4% compare
- 25 Congo 27.1% compare
- 26 Marshall Islands 25.9% compare
- 27 Uganda 25.6% compare
- 28 Equatorial Guinea 25.4% compare
- 29 Zambia 25.4% compare
- 30 Ecuador 24.6% compare
More public sector data for IBRD only
- Arms imports 11.74 billion SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 2.36 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0003 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate -10.26 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 11.74 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 171.58 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.021 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 12.21 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 854.40 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 184.84 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is goods and services expense in IBRD only?
- Goods and services expense in IBRD only was 11.1% 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 IBRD only?
- The highest recorded value was 14.6% in 1995.
- What is the lowest goods and services expense recorded in IBRD only?
- The lowest recorded value was 11.1% in 2023.
- How does IBRD only rank for goods and services expense?
- IBRD only ranks 27th out of 39 groups with data for 2023.
- Is goods and services expense rising or falling in IBRD only?
- Over the last ten years it is down 5.0%. The long-run trend across the full record is falling.
- Where does this IBRD only 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.