Goods and services expense in Low & middle income
Low & middle income: Goods and services expense was 16.0% in 2022. ▬ Flat
Goods and services expense in Low & middle income, 2008–2022
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
Low & middle income recorded 16.0% for goods and services expense in 2022.
That represents a change of up 0.8% on the previous year and down 2.2% over ten years.
Over the whole period, goods and services expense in Low & middle income peaked at 16.5% in 2009 and was at its lowest, 14.3%, in 2019.
Low & middle income ranks 17th of 39 groups on this measure, in the middle of the range.
Goods and services expense in Low & middle income, year by year
| Year | % of expense | Change |
|---|---|---|
| 2008 | 15.7% | — |
| 2009 | 16.5% | +4.8% |
| 2010 | 15.9% | -3.6% |
| 2011 | 16.0% | +0.5% |
| 2012 | 16.4% | +2.6% |
| 2013 | 16.4% | +0.3% |
| 2014 | 16.0% | -2.6% |
| 2015 | 16.4% | +2.6% |
| 2016 | 16.1% | -1.8% |
| 2017 | 16.3% | +0.9% |
| 2018 | 15.8% | -2.9% |
| 2019 | 14.3% | -9.3% |
| 2020 | 15.6% | +8.7% |
| 2021 | 15.9% | +2.0% |
| 2022 | 16.0% | +0.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 16.1% | 15.7% | 16.5% | 2 |
| 2010s | 16.0% | 14.3% | 16.4% | 10 |
| 2020s | 15.8% | 15.6% | 16.0% | 3 |
Countries ranked near Low & middle income
- 14 Kiribati 29.4% compare
- 15 Angola 29.4% compare
- 16 United Arab Emirates 28.9% compare
- 17 Botswana 28.4% compare
- 18 Saint Kitts and Nevis 28.3% compare
- 19 East Timor 28.3% compare
- 20 Seychelles 27.9%
More public sector data for Low & middle income
- Arms imports 11.23 billion SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 1.67 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 -22.65 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 11.23 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 102.29 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0174 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 6.41 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 687.69 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 186.09 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is goods and services expense in Low & middle income?
- Goods and services expense in Low & middle income was 16.0% in 2022, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest goods and services expense recorded in Low & middle income?
- The highest recorded value was 16.5% in 2009.
- What is the lowest goods and services expense recorded in Low & middle income?
- The lowest recorded value was 14.3% in 2019.
- How does Low & middle income rank for goods and services expense?
- Low & middle income ranks 17th out of 39 groups with data for 2022.
- Is goods and services expense rising or falling in Low & middle income?
- Over the last ten years it is down 2.2%. The long-run trend across the full record is flat.
- Where does this Low & middle 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.