Goods and services expense in World
World: Goods and services expense was 11.7% in 2022. ▬ Flat
Goods and services expense in World, 2002–2022
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
World recorded 11.7% for goods and services expense in 2022.
Compared with earlier readings it is down 7.5% on the previous year and down 0.2% over ten years.
Over the whole period, goods and services expense in World peaked at 12.8% in 2006 and was at its lowest, 11.4%, in 2013.
World ranks 26th of 39 regions on this measure, in the middle of the range.
Goods and services expense in World, year by year
| Year | % of expense | Change |
|---|---|---|
| 2002 | 12.7% | — |
| 2003 | 12.7% | +0.2% |
| 2004 | 12.0% | -5.2% |
| 2005 | 12.4% | +3.0% |
| 2006 | 12.8% | +3.2% |
| 2007 | 12.4% | -2.8% |
| 2008 | 12.0% | -3.4% |
| 2009 | 11.7% | -2.8% |
| 2010 | 11.9% | +2.0% |
| 2011 | 11.8% | -0.9% |
| 2012 | 11.8% | -0.2% |
| 2013 | 11.4% | -2.9% |
| 2014 | 12.5% | +9.5% |
| 2015 | 12.5% | -0.2% |
| 2016 | 11.7% | -6.4% |
| 2017 | 12.3% | +5.4% |
| 2018 | 11.7% | -5.1% |
| 2019 | 12.2% | +4.2% |
| 2020 | 11.5% | -5.6% |
| 2021 | 12.7% | +10.1% |
| 2022 | 11.7% | -7.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 12.3% | 11.7% | 12.8% | 8 |
| 2010s | 12.0% | 11.4% | 12.5% | 10 |
| 2020s | 12.0% | 11.5% | 12.7% | 3 |
Countries ranked near World
- 23 Congo, Democratic Republic of the 27.5% compare
- 24 Saudi Arabia 27.4% compare
- 25 Congo 27.1% compare
- 26 Marshall Islands 25.9% compare
- 27 Uganda 25.6% compare
- 28 Equatorial Guinea 25.4% compare
- 29 Zambia 25.4% compare
More public sector data for World
- Arms imports 28.82 billion SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 3.54 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 -2.86 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 28.82 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 325.74 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0237 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 11.18 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 2.65 trillion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 228.6 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is goods and services expense in World?
- Goods and services expense in World was 11.7% 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 World?
- The highest recorded value was 12.8% in 2006.
- What is the lowest goods and services expense recorded in World?
- The lowest recorded value was 11.4% in 2013.
- How does World rank for goods and services expense?
- World ranks 26th out of 39 regions with data for 2022.
- Is goods and services expense rising or falling in World?
- Over the last ten years it is down 0.2%. The long-run trend across the full record is flat.
- Where does this World 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.