Subsidies and other transfers in Late-demographic dividend
Late-demographic dividend: Subsidies and other transfers was 49.1% in 2023. ▲ Rising
Subsidies and other transfers in Late-demographic dividend, 1997–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
The most recent figure for subsidies and other transfers in Late-demographic dividend is 49.1%, measured in 2023. That is the highest value across all 27 years on record.
That represents a change of up 5.0% on the previous year and up 7.3% over ten years.
Over the whole period, subsidies and other transfers in Late-demographic dividend peaked at 49.1% in 2023 and was at its lowest, 37.2%, in 2004.
That places Late-demographic dividend 11th out of 40 groups with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently rising across the 27 years of available data.
Subsidies and other transfers in Late-demographic dividend, year by year
| Year | % of expense | Change |
|---|---|---|
| 1997 | 43.8% | — |
| 1998 | 42.0% | -4.0% |
| 1999 | 39.1% | -6.9% |
| 2000 | 44.3% | +13.2% |
| 2001 | 46.6% | +5.3% |
| 2002 | 38.4% | -17.6% |
| 2003 | 39.0% | +1.6% |
| 2004 | 37.2% | -4.8% |
| 2005 | 38.1% | +2.6% |
| 2006 | 41.1% | +7.7% |
| 2007 | 41.7% | +1.5% |
| 2008 | 43.2% | +3.7% |
| 2009 | 44.6% | +3.1% |
| 2010 | 42.0% | -5.8% |
| 2011 | 44.9% | +7.0% |
| 2012 | 45.6% | +1.5% |
| 2013 | 45.7% | +0.3% |
| 2014 | 45.6% | -0.2% |
| 2015 | 44.3% | -2.8% |
| 2016 | 44.6% | +0.6% |
| 2017 | 44.1% | -1.1% |
| 2018 | 44.5% | +0.8% |
| 2019 | 44.6% | +0.3% |
| 2020 | 47.3% | +6.0% |
| 2021 | 47.2% | -0.3% |
| 2022 | 46.7% | -1.0% |
| 2023 | 49.1% | +5.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 41.6% | 39.1% | 43.8% | 3 |
| 2000s | 41.4% | 37.2% | 46.6% | 10 |
| 2010s | 44.6% | 42.0% | 45.7% | 10 |
| 2020s | 47.6% | 46.7% | 49.1% | 4 |
Countries ranked near Late-demographic dividend
More public sector data for Late-demographic dividend
- Arms imports 6.92 billion SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 2.97 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0002 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate -9.75 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 6.92 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 259.7 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0202 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 14.9 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 604.82 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 172.06 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is subsidies and other transfers in Late-demographic dividend?
- Subsidies and other transfers in Late-demographic dividend was 49.1% in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest subsidies and other transfers recorded in Late-demographic dividend?
- The highest recorded value was 49.1% in 2023.
- What is the lowest subsidies and other transfers recorded in Late-demographic dividend?
- The lowest recorded value was 37.2% in 2004.
- How does Late-demographic dividend rank for subsidies and other transfers?
- Late-demographic dividend ranks 11th out of 40 groups with data for 2023.
- Is subsidies and other transfers rising or falling in Late-demographic dividend?
- Over the last ten years it is up 7.3%. The long-run trend across the full record is rising.
- Where does this Late-demographic dividend data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Subsidies and other transfers (% of expense). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 27 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Subsidies are current unrequited payments that government units, including nonresident government units, make to enterprises on the basis of the levels of their production activities or the quantities or values of the goods or services that they produce, sell, export or import. This indicator is expressed as percentage of total expenses which is any decrease in net worth resulting from a transaction.