Goods and services expense in Lower middle income
Lower middle income: Goods and services expense was 16.0% in 2021. ▼ Falling
Goods and services expense in Lower middle income, 2004–2021
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
Lower middle income recorded 16.0% for goods and services expense in 2021.
Compared with earlier readings it is up 1.2% on the previous year and down 8.6% over ten years.
Over the whole period, goods and services expense in Lower middle income peaked at 20.6% in 2014 and was at its lowest, 15.0%, in 2010.
Lower middle income ranks 18th of 39 groups on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 14 years of available data.
Goods and services expense in Lower middle income, year by year
| Year | % of expense | Change |
|---|---|---|
| 2004 | 17.0% | — |
| 2009 | 17.7% | +3.9% |
| 2010 | 15.0% | -15.3% |
| 2011 | 17.5% | +16.7% |
| 2012 | 18.5% | +5.9% |
| 2013 | 17.9% | -3.3% |
| 2014 | 20.6% | +15.2% |
| 2015 | 19.4% | -5.9% |
| 2016 | 19.1% | -1.4% |
| 2017 | 17.6% | -7.9% |
| 2018 | 15.9% | -9.8% |
| 2019 | 16.3% | +2.7% |
| 2020 | 15.8% | -3.3% |
| 2021 | 16.0% | +1.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 17.4% | 17.0% | 17.7% | 2 |
| 2010s | 17.8% | 15.0% | 20.6% | 10 |
| 2020s | 15.9% | 15.8% | 16.0% | 2 |
Countries ranked near Lower middle income
- 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 Timor-Leste 28.3% compare
- 20 Seychelles 27.9% compare
- 21 Singapore 27.9% compare
More public sector data for Lower middle income
- Arms imports 3.03 billion SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 1.04 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0004 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate -52.59 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 3.03 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 43.69 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0186 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 4.38 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 127.03 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 338.17 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is goods and services expense in Lower middle income?
- Goods and services expense in Lower middle income was 16.0% in 2021, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest goods and services expense recorded in Lower middle income?
- The highest recorded value was 20.6% in 2014.
- What is the lowest goods and services expense recorded in Lower middle income?
- The lowest recorded value was 15.0% in 2010.
- How does Lower middle income rank for goods and services expense?
- Lower middle income ranks 18th out of 39 groups with data for 2021.
- Is goods and services expense rising or falling in Lower middle income?
- Over the last ten years it is down 8.6%. The long-run trend across the full record is falling.
- Where does this Lower 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.