Other expense in Latin America & the Caribbean (IDA & IBRD countries)
Latin America & the Caribbean (IDA & IBRD countries): Other expense was 7.3% in 2023. ▬ Flat
Other expense in Latin America & the Caribbean (IDA & IBRD countries), 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 & the Caribbean (IDA & IBRD countries) stood at 7.3%.
Compared with earlier readings it is down 14.4% on the previous year and down 21.0% over ten years.
Over the whole period, other expense in Latin America & the Caribbean (IDA & IBRD countries) peaked at 10.5% in 2003 and was at its lowest, 5.3%, in 2005.
That places Latin America & the Caribbean (IDA & IBRD countries) 13th out of 41 groups with data for 2023, putting it in the middle of the range.
Other expense in Latin America & the Caribbean (IDA & IBRD countries), year by year
| Year | % of expense | Change |
|---|---|---|
| 2003 | 10.5% | — |
| 2004 | 7.5% | -28.8% |
| 2005 | 5.3% | -29.0% |
| 2006 | 7.6% | +44.2% |
| 2007 | 7.9% | +3.9% |
| 2008 | 9.8% | +23.5% |
| 2009 | 8.4% | -14.6% |
| 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 | 8.1% | 5.3% | 10.5% | 7 |
| 2010s | 8.8% | 7.4% | 9.4% | 10 |
| 2020s | 8.1% | 7.3% | 8.6% | 4 |
Countries ranked near Latin America & the Caribbean (IDA & IBRD countries)
More public sector data for Latin America & the Caribbean (IDA & IBRD countries)
- Arms imports 644.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 0.9954 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 113.41 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0109 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 19.32 SIPRI trend indicator values per square kilometre (2023)
All data for Latin America & the Caribbean (IDA & IBRD countries) →
Frequently asked questions
- What is other expense in Latin America & the Caribbean (IDA & IBRD countries)?
- Other expense in Latin America & the Caribbean (IDA & IBRD countries) 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 & the Caribbean (IDA & IBRD countries)?
- The highest recorded value was 10.5% in 2003.
- What is the lowest other expense recorded in Latin America & the Caribbean (IDA & IBRD countries)?
- The lowest recorded value was 5.3% in 2005.
- How does Latin America & the Caribbean (IDA & IBRD countries) rank for other expense?
- Latin America & the Caribbean (IDA & IBRD countries) ranks 13th out of 41 groups with data for 2023.
- Is other expense rising or falling in Latin America & the Caribbean (IDA & IBRD countries)?
- Over the last ten years it is down 21.0%. The long-run trend across the full record is flat.
- Where does this Latin America & the Caribbean (IDA & IBRD countries) 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.