Goods and services expense in United States of America
United States of America: Goods and services expense was 6.5% in 2023. ▼ Falling
Goods and services expense in United States of America, 1972–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
In 2023, goods and services expense in United States of America stood at 6.5%.
Compared with earlier readings it is down 3.3% on the previous year and down 21.3% over ten years.
Over the whole period, goods and services expense in United States of America peaked at 23.0% in 1972 and was at its lowest, 5.6%, in 2020.
United States of America ranks 137th of 154 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 52 years of available data.
Goods and services expense in United States of America, year by year
| Year | % of expense | Change |
|---|---|---|
| 1972 | 23.0% | — |
| 1973 | 21.6% | -6.3% |
| 1974 | 20.1% | -6.9% |
| 1975 | 19.5% | -2.8% |
| 1976 | 16.7% | -14.7% |
| 1977 | 17.4% | +4.5% |
| 1978 | 17.9% | +2.8% |
| 1979 | 17.6% | -1.8% |
| 1980 | 18.4% | +4.7% |
| 1981 | 18.7% | +1.5% |
| 1982 | 19.2% | +2.6% |
| 1983 | 20.3% | +5.9% |
| 1984 | 20.5% | +1.2% |
| 1985 | 20.6% | +0.5% |
| 1986 | 21.0% | +1.6% |
| 1987 | 20.6% | -2.0% |
| 1988 | 20.3% | -1.0% |
| 1989 | 20.2% | -1.0% |
| 1990 | 17.8% | -11.4% |
| 1991 | 17.7% | -0.8% |
| 1992 | 17.3% | -2.1% |
| 1993 | 15.9% | -8.4% |
| 1994 | 15.2% | -4.2% |
| 1995 | 14.0% | -8.0% |
| 1996 | 13.1% | -6.4% |
| 1997 | 13.1% | +0.3% |
| 1998 | 12.8% | -2.1% |
| 1999 | 12.8% | -0.5% |
| 2000 | 12.8% | +0.2% |
| 2001 | 7.3% | -43.0% |
| 2002 | 8.1% | +11.0% |
| 2003 | 9.0% | +11.1% |
| 2004 | 9.7% | +7.6% |
| 2005 | 9.6% | -1.0% |
| 2006 | 9.7% | +1.0% |
| 2007 | 9.4% | -3.3% |
| 2008 | 9.8% | +4.4% |
| 2009 | 9.5% | -2.9% |
| 2010 | 9.8% | +3.0% |
| 2011 | 9.4% | -3.7% |
| 2012 | 9.2% | -2.3% |
| 2013 | 8.2% | -10.3% |
| 2014 | 7.7% | -7.0% |
| 2015 | 7.3% | -4.8% |
| 2016 | 7.1% | -3.3% |
| 2017 | 7.0% | -1.4% |
| 2018 | 7.2% | +2.9% |
| 2019 | 7.4% | +3.4% |
| 2020 | 5.6% | -23.7% |
| 2021 | 5.7% | +1.1% |
| 2022 | 6.7% | +17.6% |
| 2023 | 6.5% | -3.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 19.2% | 16.7% | 23.0% | 8 |
| 1980s | 20.0% | 18.4% | 21.0% | 10 |
| 1990s | 15.0% | 12.8% | 17.8% | 10 |
| 2000s | 9.5% | 7.3% | 12.8% | 10 |
| 2010s | 8.0% | 7.0% | 9.8% | 10 |
| 2020s | 6.1% | 5.6% | 6.7% | 4 |
Countries ranked near United States of America
More public sector data for United States of America
- Arms imports 1.21 billion SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 3.56 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 52.65 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 1.21 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 2,933 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.034 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 8.87 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 997.31 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 86.58 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is goods and services expense in United States of America?
- Goods and services expense in United States of America was 6.5% 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 United States of America?
- The highest recorded value was 23.0% in 1972.
- What is the lowest goods and services expense recorded in United States of America?
- The lowest recorded value was 5.6% in 2020.
- How does United States of America rank for goods and services expense?
- United States of America ranks 137th out of 154 countries with data for 2023.
- Is goods and services expense rising or falling in United States of America?
- Over the last ten years it is down 21.3%. The long-run trend across the full record is falling.
- Where does this United States of America 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.