Other expense in Latin America & Caribbean (excluding high income)
Latin America & Caribbean (excluding high income): Other expense was 6.0% in 2023. ▼ Falling
Other expense in Latin America & Caribbean (excluding high income), 2003–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
Latin America & Caribbean (excluding high income) recorded 6.0% for other expense in 2023. That is the lowest value across all 16 years on record.
The figure is down 24.1% on the previous year and down 26.6% over ten years.
Over the whole period, other expense in Latin America & Caribbean (excluding high income) peaked at 10.9% in 2003 and was at its lowest, 6.0%, in 2023.
Latin America & Caribbean (excluding high income) ranks 23rd of 41 groups on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 16 years of available data.
Other expense in Latin America & Caribbean (excluding high income), year by year
| Year | % of expense | Change |
|---|---|---|
| 2003 | 10.9% | — |
| 2009 | 8.4% | -23.1% |
| 2010 | 8.1% | -3.3% |
| 2011 | 9.6% | +18.1% |
| 2012 | 8.0% | -16.5% |
| 2013 | 8.2% | +2.2% |
| 2014 | 7.6% | -7.4% |
| 2015 | 6.7% | -11.4% |
| 2016 | 7.7% | +14.8% |
| 2017 | 8.6% | +11.6% |
| 2018 | 7.3% | -15.0% |
| 2019 | 6.5% | -11.4% |
| 2020 | 6.5% | +0.5% |
| 2021 | 6.1% | -6.0% |
| 2022 | 7.9% | +29.4% |
| 2023 | 6.0% | -24.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 9.6% | 8.4% | 10.9% | 2 |
| 2010s | 7.8% | 6.5% | 9.6% | 10 |
| 2020s | 6.6% | 6.0% | 7.9% | 4 |
Countries ranked near Latin America & Caribbean (excluding high income)
- 20 United Kingdom of Great Britain and Northern Ireland 16.0% compare
- 21 Italy 15.8% compare
- 22 India 15.7% compare
- 23 Ghana 15.4% compare
- 24 Malta 14.8% compare
- 25 Iran, Islamic Republic of 14.4% compare
- 26 United Arab Emirates 14.2% compare
More public sector data for Latin America & Caribbean (excluding high income)
- Arms imports 611.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 0.9814 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0001 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 64.69 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 611.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 106.17 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0105 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 12.04 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 66.10 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 19.76 SIPRI trend indicator values per square kilometre (2023)
All data for Latin America & Caribbean (excluding high income) →
Frequently asked questions
- What is other expense in Latin America & Caribbean (excluding high income)?
- Other expense in Latin America & Caribbean (excluding high income) was 6.0% in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest other expense recorded in Latin America & Caribbean (excluding high income)?
- The highest recorded value was 10.9% in 2003.
- What is the lowest other expense recorded in Latin America & Caribbean (excluding high income)?
- The lowest recorded value was 6.0% in 2023.
- How does Latin America & Caribbean (excluding high income) rank for other expense?
- Latin America & Caribbean (excluding high income) ranks 23rd out of 41 groups with data for 2023.
- Is other expense rising or falling in Latin America & Caribbean (excluding high income)?
- Over the last ten years it is down 26.6%. The long-run trend across the full record is falling.
- Where does this Latin America & Caribbean (excluding high income) data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Other expense (% of expense). Statizoid updates them automatically from the source API.
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About this data
Other expense is spending on dividends, rent, and other miscellaneous expenses, including provision for consumption of fixed capital. This indicator is expressed as percentage of total expenses which is any decrease in net worth resulting from a transaction.