Goods and services expense in Nicaragua
Nicaragua: Goods and services expense was 17.0% in 2023. ▼ Falling
Goods and services expense in Nicaragua, 1990–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
Nicaragua recorded 17.0% for goods and services expense in 2023.
The figure is up 5.4% on the previous year and up 9.6% over ten years.
Over the whole period, goods and services expense in Nicaragua peaked at 32.9% in 1991 and was at its lowest, 11.8%, in 2003.
Nicaragua ranks 60th of 154 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 34 years of available data.
Goods and services expense in Nicaragua, year by year
| Year | % of expense | Change |
|---|---|---|
| 1990 | 22.0% | — |
| 1991 | 32.9% | +49.6% |
| 1992 | 29.0% | -11.7% |
| 1993 | 22.3% | -23.1% |
| 1994 | 20.0% | -10.6% |
| 1995 | 14.3% | -28.3% |
| 1996 | 24.3% | +69.8% |
| 1997 | 16.0% | -34.1% |
| 1998 | 18.7% | +17.1% |
| 1999 | 17.4% | -7.2% |
| 2000 | 17.3% | -0.7% |
| 2001 | 18.9% | +9.2% |
| 2002 | 14.7% | -22.2% |
| 2003 | 11.8% | -19.7% |
| 2004 | 12.3% | +4.4% |
| 2005 | 12.4% | +0.6% |
| 2006 | 14.5% | +17.3% |
| 2007 | 12.6% | -13.5% |
| 2008 | 15.8% | +25.6% |
| 2009 | 12.7% | -19.7% |
| 2010 | 12.8% | +1.1% |
| 2011 | 16.9% | +31.8% |
| 2012 | 16.2% | -4.3% |
| 2013 | 15.5% | -4.1% |
| 2014 | 15.6% | +0.8% |
| 2015 | 15.5% | -0.7% |
| 2016 | 18.0% | +16.2% |
| 2017 | 16.6% | -8.0% |
| 2018 | 15.4% | -6.9% |
| 2019 | 16.3% | +5.8% |
| 2020 | 15.8% | -3.4% |
| 2021 | 15.9% | +0.8% |
| 2022 | 16.1% | +1.3% |
| 2023 | 17.0% | +5.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 21.7% | 14.3% | 32.9% | 10 |
| 2000s | 14.3% | 11.8% | 18.9% | 10 |
| 2010s | 15.9% | 12.8% | 18.0% | 10 |
| 2020s | 16.2% | 15.8% | 17.0% | 4 |
Countries ranked near Nicaragua
- 57 Fiji 17.4% compare
- 58 Lao People's Democratic Republic 17.0% compare
- 59 Bosnia and Herzegovina 17.0% compare
- 61 Togo 16.7% compare
- 62 Lesotho 16.4% compare
- 63 Côte d'Ivoire 16.2% compare
More public sector data for Nicaragua
- Arms imports 13.00 million SIPRI trend indicator values (2019)
- Arms imports (SIPRI trend indicator values), per capita 2.01 SIPRI trend indicator values per person (2019)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.001 SIPRI trend indicator values per US$ of GDP (2019)
- Arms imports (SIPRI trend indicator values), annual growth rate -91.86 % change on previous year (2017)
- Arms imports (SIPRI trend indicator values), gaps filled 13.00 million SIPRI trend indicator values (2019)
- Military expenditure (current USD), per capita 15.22 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0053 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 6.77 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 105.26 million current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 108.03 SIPRI trend indicator values per square kilometre (2019)
Frequently asked questions
- What is goods and services expense in Nicaragua?
- Goods and services expense in Nicaragua was 17.0% 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 Nicaragua?
- The highest recorded value was 32.9% in 1991.
- What is the lowest goods and services expense recorded in Nicaragua?
- The lowest recorded value was 11.8% in 2003.
- How does Nicaragua rank for goods and services expense?
- Nicaragua ranks 60th out of 154 countries with data for 2023.
- Is goods and services expense rising or falling in Nicaragua?
- Over the last ten years it is up 9.6%. The long-run trend across the full record is falling.
- Where does this Nicaragua 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.
Download this data
CSV · JSON — 34 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.