Goods and services expense (% of expense) in Micronesia (country)
Micronesia (country): Goods and services expense (% of expense) was 32.9% in 2020. ▬ Flat
Goods and services expense in Micronesia (country), 2008–2020
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
In 2020, goods and services expense in Micronesia (country) stood at 32.9%. That is the lowest value across all 13 years on record.
That represents a change of down 35.7% on the previous year and down 26.8% over ten years.
Over the whole period, goods and services expense in Micronesia (country) peaked at 54.9% in 2008 and was at its lowest, 32.9%, in 2020.
Micronesia (country) ranks 10th of 154 countries on this measure, in the top 10%.
Goods and services expense (% of expense) in Micronesia (country), year by year
| Year | % of expense | Change |
|---|---|---|
| 2008 | 54.9% | — |
| 2009 | 48.2% | -12.2% |
| 2010 | 45.0% | -6.7% |
| 2011 | 43.6% | -3.1% |
| 2012 | 42.3% | -3.1% |
| 2013 | 35.8% | -15.2% |
| 2014 | 42.4% | +18.3% |
| 2015 | 47.9% | +13.0% |
| 2016 | 49.6% | +3.6% |
| 2017 | 54.0% | +8.9% |
| 2018 | 53.0% | -1.9% |
| 2019 | 51.2% | -3.4% |
| 2020 | 32.9% | -35.7% |
Micronesia (country) compared with similar countries
- Micronesia (country)'s 32.9% is above the median for upper middle income countries, which is 15.2%, 2.2× the median. (46 countries reporting)
- Micronesia (country)'s 32.9% is above the median for East Asia & Pacific, which is 22.3%, 1.5× the median. (25 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 51.5% | 48.2% | 54.9% | 2 |
| 2010s | 46.5% | 35.8% | 54.0% | 10 |
| 2020s | 32.9% | 32.9% | 32.9% | 1 |
Countries ranked near Micronesia (country)
More public sector data for Micronesia (country)
- Democracy, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Arms imports 7.00 million SIPRI trend indicator values (2023)
- Arms imports (SIPRI trend indicator values), per capita 62.15 SIPRI trend indicator values per person (2023)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0158 SIPRI trend indicator values per US$ of GDP (2023)
- Arms imports (SIPRI trend indicator values), gaps filled 7.00 million SIPRI trend indicator values (2023)
Frequently asked questions
- What is goods and services expense in Micronesia (country)?
- Goods and services expense in Micronesia (country) was 32.9% in 2020, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest goods and services expense recorded in Micronesia (country)?
- The highest recorded value was 54.9% in 2008.
- What is the lowest goods and services expense recorded in Micronesia (country)?
- The lowest recorded value was 32.9% in 2020.
- How does Micronesia (country) rank for goods and services expense?
- Micronesia (country) ranks 10th out of 154 countries with data for 2020.
- Is goods and services expense rising or falling in Micronesia (country)?
- Over the last ten years it is down 26.8%. The long-run trend across the full record is flat.
- Where does this Micronesia (country) 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.