Subsidies and other transfers in Latin America & Caribbean (excluding high income)
Latin America & Caribbean (excluding high income): Subsidies and other transfers was 37.0% in 2023. ▲ Rising
Subsidies and other transfers 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 37.0% for subsidies and other transfers in 2023.
That represents a change of up 4.9% on the previous year and up 15.9% over ten years.
Over the whole period, subsidies and other transfers in Latin America & Caribbean (excluding high income) peaked at 40.6% in 2019 and was at its lowest, 31.9%, in 2013.
Latin America & Caribbean (excluding high income) ranks 22nd of 40 groups on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 16 years of available data.
Subsidies and other transfers in Latin America & Caribbean (excluding high income), year by year
| Year | % of expense | Change |
|---|---|---|
| 2003 | 34.1% | — |
| 2009 | 32.7% | -4.2% |
| 2010 | 34.1% | +4.5% |
| 2011 | 32.9% | -3.6% |
| 2012 | 33.1% | +0.6% |
| 2013 | 31.9% | -3.6% |
| 2014 | 33.8% | +5.8% |
| 2015 | 34.1% | +1.0% |
| 2016 | 36.5% | +7.1% |
| 2017 | 36.6% | +0.2% |
| 2018 | 35.0% | -4.4% |
| 2019 | 40.6% | +16.0% |
| 2020 | 37.0% | -8.9% |
| 2021 | 37.0% | +0.1% |
| 2022 | 35.3% | -4.7% |
| 2023 | 37.0% | +4.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 33.4% | 32.7% | 34.1% | 2 |
| 2010s | 34.9% | 31.9% | 40.6% | 10 |
| 2020s | 36.6% | 35.3% | 37.0% | 4 |
Countries ranked near Latin America & Caribbean (excluding high income)
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 subsidies and other transfers in Latin America & Caribbean (excluding high income)?
- Subsidies and other transfers in Latin America & Caribbean (excluding high income) was 37.0% 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 Latin America & Caribbean (excluding high income)?
- The highest recorded value was 40.6% in 2019.
- What is the lowest subsidies and other transfers recorded in Latin America & Caribbean (excluding high income)?
- The lowest recorded value was 31.9% in 2013.
- How does Latin America & Caribbean (excluding high income) rank for subsidies and other transfers?
- Latin America & Caribbean (excluding high income) ranks 22nd out of 40 groups with data for 2023.
- Is subsidies and other transfers rising or falling in Latin America & Caribbean (excluding high income)?
- Over the last ten years it is up 15.9%. The long-run trend across the full record is rising.
- 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 Subsidies and other transfers (% of expense). Statizoid updates them automatically from the source API.
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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.