Goods and services expense in San Marino
San Marino: Goods and services expense was 22.9% in 2023. ▲ Rising
Goods and services expense in San Marino, 1995–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
The most recent figure for goods and services expense in San Marino is 22.9%, measured in 2023.
Compared with earlier readings it is down 27.8% on the previous year and up 0.6% over ten years.
Over the whole period, goods and services expense in San Marino peaked at 31.7% in 2022 and was at its lowest, 17.2%, in 1995.
That places San Marino 33rd out of 154 countries with data for 2023, putting it in the top quarter.
The long-run direction has been consistently rising across the 23 years of available data.
Goods and services expense in San Marino, year by year
| Year | % of expense | Change |
|---|---|---|
| 1995 | 17.2% | — |
| 2002 | 18.2% | +5.8% |
| 2003 | 19.8% | +9.1% |
| 2004 | 21.0% | +6.0% |
| 2005 | 22.7% | +8.2% |
| 2006 | 20.8% | -8.3% |
| 2007 | 22.4% | +7.5% |
| 2008 | 25.7% | +15.0% |
| 2009 | 25.4% | -1.1% |
| 2010 | 23.8% | -6.3% |
| 2011 | 25.6% | +7.5% |
| 2012 | 24.8% | -3.1% |
| 2013 | 22.7% | -8.3% |
| 2014 | 21.6% | -5.0% |
| 2015 | 21.2% | -1.8% |
| 2016 | 22.3% | +5.0% |
| 2017 | 22.4% | +0.5% |
| 2018 | 21.1% | -5.6% |
| 2019 | 22.1% | +4.3% |
| 2020 | 20.6% | -6.7% |
| 2021 | 21.9% | +6.5% |
| 2022 | 31.7% | +44.4% |
| 2023 | 22.9% | -27.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 17.2% | 17.2% | 17.2% | 1 |
| 2000s | 22.0% | 18.2% | 25.7% | 8 |
| 2010s | 22.8% | 21.1% | 25.6% | 10 |
| 2020s | 24.3% | 20.6% | 31.7% | 4 |
Countries ranked near San Marino
- 30 Ecuador 24.6% compare
- 31 Niger 24.1%
- 32 Papua New Guinea 23.1% compare
- 34 Philippines 22.3% compare
- 35 Trinidad and Tobago 22.1% compare
- 36 Senegal 21.9% compare
More public sector data for San Marino
- Tax revenue 17.3% (2023)
- Taxes on income, profits and capital gains 21.8% (2024)
- Taxes on goods and services 18.8% (2024)
- Net investment in nonfinancial assets 1.3% (2023)
- Net lending (+) / net borrowing (-) 1.2% (2023)
- Interest payments 5.0% (2024)
- Grants and other revenue 26.0% (2024)
- Interest payments 5.9% (2023)
- Other taxes 2.3% (2024)
- Compensation of employees 23.5% (2023)
Frequently asked questions
- What is goods and services expense in San Marino?
- Goods and services expense in San Marino was 22.9% 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 San Marino?
- The highest recorded value was 31.7% in 2022.
- What is the lowest goods and services expense recorded in San Marino?
- The lowest recorded value was 17.2% in 1995.
- How does San Marino rank for goods and services expense?
- San Marino ranks 33rd out of 154 countries with data for 2023.
- Is goods and services expense rising or falling in San Marino?
- Over the last ten years it is up 0.6%. The long-run trend across the full record is rising.
- Where does this San Marino 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.