Goods and services expense in Late-demographic dividend
Late-demographic dividend: Goods and services expense was 9.5% in 2023. ▼ Falling
Goods and services expense in Late-demographic dividend, 1995–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
Late-demographic dividend recorded 9.5% for goods and services expense in 2023. That is the lowest value across all 29 years on record.
The figure is down 11.9% on the previous year and down 8.7% over ten years.
Over the whole period, goods and services expense in Late-demographic dividend peaked at 16.1% in 1995 and was at its lowest, 9.5%, in 2023.
That places Late-demographic dividend 30th out of 39 groups with data for 2023, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 29 years of available data.
Goods and services expense in Late-demographic dividend, year by year
| Year | % of expense | Change |
|---|---|---|
| 1995 | 16.1% | — |
| 1996 | 14.2% | -12.0% |
| 1997 | 14.9% | +5.2% |
| 1998 | 13.5% | -9.3% |
| 1999 | 13.0% | -3.5% |
| 2000 | 12.0% | -8.3% |
| 2001 | 14.5% | +21.6% |
| 2002 | 13.8% | -4.8% |
| 2003 | 12.9% | -6.5% |
| 2004 | 12.0% | -7.2% |
| 2005 | 14.4% | +19.7% |
| 2006 | 13.3% | -7.6% |
| 2007 | 12.1% | -8.8% |
| 2008 | 12.1% | -0.5% |
| 2009 | 10.9% | -9.4% |
| 2010 | 10.5% | -3.5% |
| 2011 | 10.3% | -2.2% |
| 2012 | 10.8% | +4.8% |
| 2013 | 10.4% | -3.5% |
| 2014 | 10.7% | +2.6% |
| 2015 | 10.7% | -0.2% |
| 2016 | 10.4% | -2.4% |
| 2017 | 10.6% | +2.0% |
| 2018 | 10.9% | +2.5% |
| 2019 | 11.1% | +1.6% |
| 2020 | 11.3% | +1.8% |
| 2021 | 10.1% | -9.8% |
| 2022 | 10.8% | +6.4% |
| 2023 | 9.5% | -11.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 14.3% | 13.0% | 16.1% | 5 |
| 2000s | 12.8% | 10.9% | 14.5% | 10 |
| 2010s | 10.6% | 10.3% | 11.1% | 10 |
| 2020s | 10.4% | 9.5% | 11.3% | 4 |
Countries ranked near Late-demographic dividend
- 27 Uganda 25.6% compare
- 28 Equatorial Guinea 25.4% compare
- 29 Zambia 25.4% compare
- 30 Ecuador 24.6% compare
- 31 Niger 24.1%
- 32 Papua New Guinea 23.1% compare
- 33 San Marino 22.9% compare
More public sector data for Late-demographic dividend
- Arms imports 6.92 billion SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 2.97 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 -9.75 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 6.92 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 259.7 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0202 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 14.9 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 604.82 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 172.06 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is goods and services expense in Late-demographic dividend?
- Goods and services expense in Late-demographic dividend was 9.5% 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 Late-demographic dividend?
- The highest recorded value was 16.1% in 1995.
- What is the lowest goods and services expense recorded in Late-demographic dividend?
- The lowest recorded value was 9.5% in 2023.
- How does Late-demographic dividend rank for goods and services expense?
- Late-demographic dividend ranks 30th out of 39 groups with data for 2023.
- Is goods and services expense rising or falling in Late-demographic dividend?
- Over the last ten years it is down 8.7%. The long-run trend across the full record is falling.
- Where does this Late-demographic dividend 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.