Other expense in Latin America & Caribbean
Latin America & Caribbean: Other expense was 7.3% in 2023. ▼ Falling
Other expense in Latin America & Caribbean, 2003–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
In 2023, other expense in Latin America & Caribbean stood at 7.3%. That is the lowest value across all 16 years on record.
That represents a change of down 14.4% on the previous year and down 21.0% over ten years.
Over the whole period, other expense in Latin America & Caribbean peaked at 10.5% in 2003 and was at its lowest, 7.3%, in 2023.
Latin America & Caribbean ranks 13th 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, year by year
| Year | % of expense | Change |
|---|---|---|
| 2003 | 10.5% | — |
| 2009 | 8.4% | -20.2% |
| 2010 | 9.1% | +8.3% |
| 2011 | 9.4% | +4.0% |
| 2012 | 9.0% | -4.8% |
| 2013 | 9.3% | +3.3% |
| 2014 | 8.7% | -6.0% |
| 2015 | 9.3% | +7.0% |
| 2016 | 8.1% | -13.1% |
| 2017 | 8.9% | +9.7% |
| 2018 | 8.7% | -2.8% |
| 2019 | 7.4% | -14.8% |
| 2020 | 8.3% | +13.3% |
| 2021 | 8.3% | -1.1% |
| 2022 | 8.6% | +3.7% |
| 2023 | 7.3% | -14.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 9.4% | 8.4% | 10.5% | 2 |
| 2010s | 8.8% | 7.4% | 9.4% | 10 |
| 2020s | 8.1% | 7.3% | 8.6% | 4 |
Countries ranked near Latin America & Caribbean
More public sector data for Latin America & Caribbean
- Arms imports 644.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 0.9725 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 67.27 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 644.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 110.81 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0104 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 10.62 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 73.38 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 19.2 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is other expense in Latin America & Caribbean?
- Other expense in Latin America & Caribbean was 7.3% 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?
- The highest recorded value was 10.5% in 2003.
- What is the lowest other expense recorded in Latin America & Caribbean?
- The lowest recorded value was 7.3% in 2023.
- How does Latin America & Caribbean rank for other expense?
- Latin America & Caribbean ranks 13th out of 41 groups with data for 2023.
- Is other expense rising or falling in Latin America & Caribbean?
- Over the last ten years it is down 21.0%. The long-run trend across the full record is falling.
- Where does this Latin America & Caribbean 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.