Goods and services expense in Post-demographic dividend
Post-demographic dividend: Goods and services expense was 8.1% in 2023. ▼ Falling
Goods and services expense in Post-demographic dividend, 1974–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
In 2023, goods and services expense in Post-demographic dividend stood at 8.1%.
That represents a change of down 2.2% over ten years.
Over the whole period, goods and services expense in Post-demographic dividend peaked at 17.0% in 1974 and was at its lowest, 7.3%, in 1998.
That places Post-demographic dividend 35th out of 39 groups with data for 2023, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 50 years of available data.
Goods and services expense in Post-demographic dividend, year by year
| Year | % of expense | Change |
|---|---|---|
| 1974 | 17.0% | — |
| 1975 | 16.2% | -5.2% |
| 1976 | 16.7% | +3.0% |
| 1977 | 15.7% | -5.7% |
| 1978 | 10.2% | -34.9% |
| 1979 | 10.1% | -1.1% |
| 1980 | 11.2% | +10.7% |
| 1981 | 12.8% | +14.7% |
| 1982 | 12.3% | -4.3% |
| 1983 | 11.8% | -3.7% |
| 1984 | 11.8% | -0.6% |
| 1985 | 11.1% | -5.5% |
| 1986 | 10.0% | -10.0% |
| 1987 | 10.8% | +8.1% |
| 1988 | 10.5% | -2.4% |
| 1989 | 11.3% | +7.0% |
| 1990 | 11.4% | +0.9% |
| 1991 | 9.7% | -14.8% |
| 1992 | 11.2% | +15.3% |
| 1993 | 12.6% | +12.4% |
| 1994 | 11.2% | -10.7% |
| 1995 | 7.4% | -34.4% |
| 1996 | 7.3% | -0.7% |
| 1997 | 7.5% | +3.1% |
| 1998 | 7.3% | -3.8% |
| 1999 | 7.9% | +9.2% |
| 2000 | 8.3% | +5.4% |
| 2001 | 8.3% | -0.8% |
| 2002 | 8.8% | +6.0% |
| 2003 | 8.6% | -2.0% |
| 2004 | 8.7% | +1.6% |
| 2005 | 9.1% | +4.5% |
| 2006 | 9.1% | -0.2% |
| 2007 | 8.7% | -4.2% |
| 2008 | 9.0% | +2.7% |
| 2009 | 9.3% | +3.7% |
| 2010 | 9.4% | +1.5% |
| 2011 | 8.7% | -7.3% |
| 2012 | 8.2% | -5.9% |
| 2013 | 8.3% | +0.3% |
| 2014 | 8.0% | -3.1% |
| 2015 | 8.4% | +4.9% |
| 2016 | 8.4% | +0.0% |
| 2017 | 8.2% | -2.9% |
| 2018 | 8.2% | +0.7% |
| 2019 | 8.0% | -2.8% |
| 2020 | 7.7% | -3.9% |
| 2021 | 8.0% | +3.7% |
| 2022 | 8.1% | +1.6% |
| 2023 | 8.1% | +0.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 14.3% | 10.1% | 17.0% | 6 |
| 1980s | 11.4% | 10.0% | 12.8% | 10 |
| 1990s | 9.3% | 7.3% | 12.6% | 10 |
| 2000s | 8.8% | 8.3% | 9.3% | 10 |
| 2010s | 8.4% | 8.0% | 9.4% | 10 |
| 2020s | 7.9% | 7.7% | 8.1% | 4 |
Countries ranked near Post-demographic dividend
- 32 Papua New Guinea 23.1% compare
- 33 San Marino 22.9% compare
- 34 Philippines 22.3% compare
- 35 Trinidad and Tobago 22.1% compare
- 36 Senegal 21.9% compare
- 37 Tajikistan 21.7% compare
- 38 Bahamas 21.6% compare
More public sector data for Post-demographic dividend
- Arms imports 15.20 billion SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 13.47 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 33.39 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 15.20 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 1,472 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0261 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 9.78 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 1.66 trillion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 365.72 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is goods and services expense in Post-demographic dividend?
- Goods and services expense in Post-demographic dividend was 8.1% 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 Post-demographic dividend?
- The highest recorded value was 17.0% in 1974.
- What is the lowest goods and services expense recorded in Post-demographic dividend?
- The lowest recorded value was 7.3% in 1998.
- How does Post-demographic dividend rank for goods and services expense?
- Post-demographic dividend ranks 35th out of 39 groups with data for 2023.
- Is goods and services expense rising or falling in Post-demographic dividend?
- Over the last ten years it is down 2.2%. The long-run trend across the full record is falling.
- Where does this Post-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.
Download this data
CSV · JSON — 50 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.