Subsidies and other transfers in San Marino
San Marino: Subsidies and other transfers was 40.3% in 2023. ▲ Rising
Subsidies and other transfers in San Marino, 1995–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
San Marino recorded 40.3% for subsidies and other transfers in 2023.
The figure is up 9.5% on the previous year and up 0.8% over ten years.
Over the whole period, subsidies and other transfers in San Marino peaked at 45.3% in 2018 and was at its lowest, 29.1%, in 2002.
San Marino ranks 69th of 152 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 23 years of available data.
Subsidies and other transfers in San Marino, year by year
| Year | % of expense | Change |
|---|---|---|
| 1995 | 38.9% | — |
| 2002 | 29.1% | -25.2% |
| 2003 | 36.0% | +23.7% |
| 2004 | 33.3% | -7.5% |
| 2005 | 34.4% | +3.6% |
| 2006 | 32.4% | -6.1% |
| 2007 | 33.5% | +3.6% |
| 2008 | 31.2% | -6.9% |
| 2009 | 32.4% | +3.8% |
| 2010 | 33.5% | +3.5% |
| 2011 | 34.0% | +1.3% |
| 2012 | 35.5% | +4.5% |
| 2013 | 40.0% | +12.6% |
| 2014 | 41.2% | +3.0% |
| 2015 | 42.2% | +2.6% |
| 2016 | 42.0% | -0.4% |
| 2017 | 41.3% | -1.7% |
| 2018 | 45.3% | +9.5% |
| 2019 | 40.1% | -11.5% |
| 2020 | 41.9% | +4.5% |
| 2021 | 39.2% | -6.4% |
| 2022 | 36.8% | -6.0% |
| 2023 | 40.3% | +9.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 38.9% | 38.9% | 38.9% | 1 |
| 2000s | 32.8% | 29.1% | 36.0% | 8 |
| 2010s | 39.5% | 33.5% | 45.3% | 10 |
| 2020s | 39.5% | 36.8% | 41.9% | 4 |
Countries ranked near San Marino
More public sector data for San Marino
- Tax revenue 17.3% (2023)
- Taxes on income, profits and capital gains 21.8% (2024)
- Taxes on goods and services 18.8% (2024)
- Net investment in nonfinancial assets 1.3% (2023)
- Net lending (+) / net borrowing (-) 1.2% (2023)
- Interest payments 5.0% (2024)
- Grants and other revenue 26.0% (2024)
- Interest payments 5.9% (2023)
- Other taxes 2.3% (2024)
- Compensation of employees 23.5% (2023)
Frequently asked questions
- What is subsidies and other transfers in San Marino?
- Subsidies and other transfers in San Marino was 40.3% 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 San Marino?
- The highest recorded value was 45.3% in 2018.
- What is the lowest subsidies and other transfers recorded in San Marino?
- The lowest recorded value was 29.1% in 2002.
- How does San Marino rank for subsidies and other transfers?
- San Marino ranks 69th out of 152 countries with data for 2023.
- Is subsidies and other transfers rising or falling in San Marino?
- Over the last ten years it is up 0.8%. The long-run trend across the full record is rising.
- Where does this San Marino 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.