Goods and services expense in Upper middle income
Upper middle income: Goods and services expense was 13.9% in 2023. ▼ Falling
Goods and services expense in Upper middle income, 2003–2023
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 Upper middle income is 13.9%, measured in 2023.
That represents a change of up 3.1% on the previous year and down 2.5% over ten years.
Over the whole period, goods and services expense in Upper middle income peaked at 17.0% in 2007 and was at its lowest, 11.8%, in 2016.
That places Upper middle income 22nd out of 39 groups with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently falling across the 19 years of available data.
Goods and services expense in Upper middle income, year by year
| Year | % of expense | Change |
|---|---|---|
| 2003 | 13.1% | — |
| 2006 | 16.9% | +29.0% |
| 2007 | 17.0% | +0.4% |
| 2008 | 13.8% | -18.7% |
| 2009 | 12.8% | -7.6% |
| 2010 | 13.4% | +4.5% |
| 2011 | 13.5% | +0.9% |
| 2012 | 15.7% | +16.5% |
| 2013 | 14.2% | -9.4% |
| 2014 | 13.4% | -5.4% |
| 2015 | 13.0% | -3.4% |
| 2016 | 11.8% | -9.2% |
| 2017 | 12.7% | +7.7% |
| 2018 | 13.3% | +5.0% |
| 2019 | 12.8% | -4.0% |
| 2020 | 12.6% | -1.4% |
| 2021 | 13.8% | +9.1% |
| 2022 | 13.4% | -2.6% |
| 2023 | 13.9% | +3.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 14.7% | 12.8% | 17.0% | 5 |
| 2010s | 13.4% | 11.8% | 15.7% | 10 |
| 2020s | 13.4% | 12.6% | 13.9% | 4 |
Countries ranked near Upper middle income
- 19 East Timor 28.3% compare
- 20 Seychelles 27.9% compare
- 21 Singapore 27.9% compare
- 22 Rwanda 27.8% compare
- 23 Democratic Republic of Congo 27.5% compare
- 24 Saudi Arabia 27.4% compare
- 25 Congo 27.1% compare
More public sector data for Upper middle income
- Arms imports 8.06 billion SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 2.63 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 2.75 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 8.06 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 179.69 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0172 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 6.71 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 551.35 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 176.55 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is goods and services expense in Upper middle income?
- Goods and services expense in Upper middle income was 13.9% 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 Upper middle income?
- The highest recorded value was 17.0% in 2007.
- What is the lowest goods and services expense recorded in Upper middle income?
- The lowest recorded value was 11.8% in 2016.
- How does Upper middle income rank for goods and services expense?
- Upper middle income ranks 22nd out of 39 groups with data for 2023.
- Is goods and services expense rising or falling in Upper middle income?
- Over the last ten years it is down 2.5%. The long-run trend across the full record is falling.
- Where does this Upper middle income 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
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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.