Goods and services expense in Small states
Small states: Goods and services expense was 10.1% in 2022. ▼ Falling
Goods and services expense in Small states, 1991–2022
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
In 2022, goods and services expense in Small states stood at 10.1%.
That represents a change of up 6.9% on the previous year and down 38.3% over ten years.
Over the whole period, goods and services expense in Small states peaked at 16.8% in 2019 and was at its lowest, 9.4%, in 2021.
Small states ranks 29th of 39 groups on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 29 years of available data.
Goods and services expense in Small states, year by year
| Year | % of expense | Change |
|---|---|---|
| 1991 | 14.6% | — |
| 1995 | 14.5% | -0.6% |
| 1996 | 13.7% | -5.1% |
| 1997 | 13.9% | +1.5% |
| 1998 | 13.2% | -5.3% |
| 1999 | 14.9% | +12.7% |
| 2000 | 14.8% | -0.8% |
| 2001 | 14.5% | -1.6% |
| 2002 | 13.9% | -4.6% |
| 2003 | 14.7% | +5.8% |
| 2004 | 12.0% | -18.2% |
| 2005 | 12.4% | +3.4% |
| 2006 | 13.3% | +7.1% |
| 2007 | 11.9% | -10.8% |
| 2008 | 11.2% | -5.4% |
| 2009 | 11.3% | +1.1% |
| 2010 | 15.0% | +32.6% |
| 2011 | 12.1% | -19.4% |
| 2012 | 16.3% | +34.6% |
| 2013 | 11.4% | -30.2% |
| 2014 | 16.5% | +45.0% |
| 2015 | 16.1% | -2.9% |
| 2016 | 15.1% | -6.2% |
| 2017 | 15.5% | +3.0% |
| 2018 | 15.2% | -2.4% |
| 2019 | 16.8% | +10.7% |
| 2020 | 12.6% | -24.7% |
| 2021 | 9.4% | -25.4% |
| 2022 | 10.1% | +6.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 14.1% | 13.2% | 14.9% | 6 |
| 2000s | 13.0% | 11.2% | 14.8% | 10 |
| 2010s | 15.0% | 11.4% | 16.8% | 10 |
| 2020s | 10.7% | 9.4% | 12.6% | 3 |
Countries ranked near Small states
- 26 Marshall Islands 25.9% compare
- 27 Uganda 25.6% compare
- 28 Equatorial Guinea 25.4% compare
- 29 Zambia 25.4% compare
- 30 Ecuador 24.6% compare
- 31 Niger 24.1%
- 32 Papua New Guinea 23.1% compare
More public sector data for Small states
- Arms imports 162.00 million SIPRI trend indicator values (2021)
- Arms imports (SIPRI trend indicator values), per capita 8.25 SIPRI trend indicator values per person (2021)
- Arms imports (SIPRI trend indicator values), gaps filled 162.00 million SIPRI trend indicator values (2021)
- Arms imports (SIPRI trend indicator values), per square kilometre 215.46 SIPRI trend indicator values per square kilometre (2021)
- Tax revenue 20.5% (2019)
- Taxes on income, profits and capital gains 24.1% (2022)
- Taxes on goods and services 33.4% (2022)
- Net investment in nonfinancial assets 3.0% (2019)
- Net lending (+) / net borrowing (-) -2.2% (2019)
- Interest payments 1.8% (2022)
Frequently asked questions
- What is goods and services expense in Small states?
- Goods and services expense in Small states was 10.1% in 2022, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest goods and services expense recorded in Small states?
- The highest recorded value was 16.8% in 2019.
- What is the lowest goods and services expense recorded in Small states?
- The lowest recorded value was 9.4% in 2021.
- How does Small states rank for goods and services expense?
- Small states ranks 29th out of 39 groups with data for 2022.
- Is goods and services expense rising or falling in Small states?
- Over the last ten years it is down 38.3%. The long-run trend across the full record is falling.
- Where does this Small states 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.