Goods and services expense in South Asia
South Asia: Goods and services expense was 5.6% in 2022. ▼ Falling
Goods and services expense in South Asia, 1990–2022
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
South Asia recorded 5.6% for goods and services expense in 2022.
That represents a change of up 1.9% on the previous year and down 43.9% over ten years.
Over the whole period, goods and services expense in South Asia peaked at 18.9% in 1995 and was at its lowest, 5.5%, in 2021.
That places South Asia 38th out of 39 groups with data for 2022, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 33 years of available data.
Goods and services expense in South Asia, year by year
| Year | % of expense | Change |
|---|---|---|
| 1990 | 16.0% | — |
| 1991 | 16.0% | -0.3% |
| 1992 | 15.5% | -3.4% |
| 1993 | 15.4% | -0.5% |
| 1994 | 15.8% | +2.9% |
| 1995 | 18.9% | +19.7% |
| 1996 | 17.1% | -9.4% |
| 1997 | 15.5% | -9.5% |
| 1998 | 15.9% | +2.4% |
| 1999 | 14.7% | -7.5% |
| 2000 | 16.5% | +12.6% |
| 2001 | 13.9% | -15.7% |
| 2002 | 13.8% | -0.8% |
| 2003 | 12.6% | -9.2% |
| 2004 | 13.5% | +7.3% |
| 2005 | 12.7% | -6.0% |
| 2006 | 12.6% | -1.0% |
| 2007 | 10.9% | -12.8% |
| 2008 | 12.4% | +13.6% |
| 2009 | 10.7% | -13.8% |
| 2010 | 9.9% | -7.6% |
| 2011 | 11.1% | +12.3% |
| 2012 | 10.1% | -9.5% |
| 2013 | 9.1% | -9.7% |
| 2014 | 10.3% | +12.9% |
| 2015 | 10.0% | -2.2% |
| 2016 | 10.2% | +2.1% |
| 2017 | 9.3% | -9.0% |
| 2018 | 8.3% | -10.5% |
| 2019 | 8.2% | -1.7% |
| 2020 | 6.0% | -26.4% |
| 2021 | 5.5% | -8.3% |
| 2022 | 5.6% | +1.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 16.1% | 14.7% | 18.9% | 10 |
| 2000s | 13.0% | 10.7% | 16.5% | 10 |
| 2010s | 9.7% | 8.2% | 11.1% | 10 |
| 2020s | 5.7% | 5.5% | 6.0% | 3 |
Countries ranked near South Asia
More public sector data for South Asia
- Arms imports 1.26 billion SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 0.7506 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0003 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate -19.55 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 1.26 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 54.8 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0211 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 4.84 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 91.92 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 467.61 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is goods and services expense in South Asia?
- Goods and services expense in South Asia was 5.6% 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 South Asia?
- The highest recorded value was 18.9% in 1995.
- What is the lowest goods and services expense recorded in South Asia?
- The lowest recorded value was 5.5% in 2021.
- How does South Asia rank for goods and services expense?
- South Asia ranks 38th out of 39 groups with data for 2022.
- Is goods and services expense rising or falling in South Asia?
- Over the last ten years it is down 43.9%. The long-run trend across the full record is falling.
- Where does this South Asia 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.