Goods and services expense in Italy
Italy: Goods and services expense was 2.9% in 2023. ▼ Falling
Goods and services expense in Italy, 1973–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
In 2023, goods and services expense in Italy stood at 2.9%.
The figure is down 1.6% on the previous year and down 7.2% over ten years.
Over the whole period, goods and services expense in Italy peaked at 6.8% in 1974 and was at its lowest, 2.7%, in 2020.
Italy ranks 152nd of 154 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 46 years of available data.
Goods and services expense in Italy, year by year
| Year | % of expense | Change |
|---|---|---|
| 1973 | 6.7% | — |
| 1974 | 6.8% | +1.1% |
| 1975 | 5.6% | -17.7% |
| 1976 | 5.1% | -8.6% |
| 1977 | 5.2% | +1.6% |
| 1978 | 5.4% | +3.7% |
| 1979 | 5.5% | +2.0% |
| 1980 | 5.2% | -4.8% |
| 1986 | 4.2% | -18.9% |
| 1987 | 4.1% | -2.8% |
| 1988 | 5.0% | +21.0% |
| 1989 | 4.2% | -15.3% |
| 1990 | 4.2% | -1.1% |
| 1991 | 3.8% | -10.0% |
| 1992 | 3.5% | -5.4% |
| 1993 | 3.8% | +8.5% |
| 1994 | 3.8% | -0.9% |
| 1995 | 3.3% | -13.2% |
| 1996 | 3.1% | -5.6% |
| 1997 | 3.2% | +1.2% |
| 1998 | 3.5% | +11.7% |
| 1999 | 3.6% | +1.3% |
| 2000 | 3.9% | +8.1% |
| 2001 | 4.1% | +5.5% |
| 2002 | 3.9% | -5.4% |
| 2003 | 4.1% | +5.1% |
| 2004 | 3.8% | -7.2% |
| 2005 | 3.8% | +1.7% |
| 2006 | 3.5% | -8.3% |
| 2007 | 3.5% | -0.4% |
| 2008 | 3.5% | +0.8% |
| 2009 | 3.3% | -5.7% |
| 2010 | 3.3% | -1.5% |
| 2011 | 3.1% | -4.4% |
| 2012 | 3.0% | -5.3% |
| 2013 | 3.1% | +4.2% |
| 2014 | 2.9% | -6.9% |
| 2015 | 3.1% | +7.7% |
| 2016 | 3.1% | +0.1% |
| 2017 | 3.1% | +0.9% |
| 2018 | 3.2% | +1.4% |
| 2019 | 3.2% | -0.6% |
| 2020 | 2.7% | -14.6% |
| 2021 | 2.8% | +3.2% |
| 2022 | 2.9% | +4.7% |
| 2023 | 2.9% | -1.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 5.7% | 5.1% | 6.8% | 7 |
| 1980s | 4.5% | 4.1% | 5.2% | 5 |
| 1990s | 3.6% | 3.1% | 4.2% | 10 |
| 2000s | 3.7% | 3.3% | 4.1% | 10 |
| 2010s | 3.1% | 2.9% | 3.3% | 10 |
| 2020s | 2.8% | 2.7% | 2.9% | 4 |
Countries ranked near Italy
More public sector data for Italy
- Arms imports 432.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 7.33 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 -10.93 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 432.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 643.98 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0159 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 2.79 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 37.96 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 1,640 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is goods and services expense in Italy?
- Goods and services expense in Italy was 2.9% 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 Italy?
- The highest recorded value was 6.8% in 1974.
- What is the lowest goods and services expense recorded in Italy?
- The lowest recorded value was 2.7% in 2020.
- How does Italy rank for goods and services expense?
- Italy ranks 152nd out of 154 countries with data for 2023.
- Is goods and services expense rising or falling in Italy?
- Over the last ten years it is down 7.2%. The long-run trend across the full record is falling.
- Where does this Italy 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.