Subsidies and other transfers in Upper middle income
Upper middle income: Subsidies and other transfers was 42.0% in 2023. ▲ Rising
Subsidies and other transfers in Upper middle income, 2003–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
In 2023, subsidies and other transfers in Upper middle income stood at 42.0%.
That represents a change of up 6.8% on the previous year and down 9.8% over ten years.
Over the whole period, subsidies and other transfers in Upper middle income peaked at 46.5% in 2013 and was at its lowest, 35.8%, in 2003.
That places Upper middle income 15th out of 38 groups with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently rising across the 18 years of available data.
Subsidies and other transfers in Upper middle income, year by year
| Year | % of expense | Change |
|---|---|---|
| 2003 | 35.8% | — |
| 2007 | 36.4% | +1.6% |
| 2008 | 43.2% | +18.6% |
| 2009 | 42.8% | -1.0% |
| 2010 | 41.9% | -2.1% |
| 2011 | 45.6% | +8.8% |
| 2012 | 46.1% | +1.1% |
| 2013 | 46.5% | +1.0% |
| 2014 | 45.7% | -1.9% |
| 2015 | 43.2% | -5.4% |
| 2016 | 46.1% | +6.8% |
| 2017 | 42.2% | -8.5% |
| 2018 | 43.3% | +2.8% |
| 2019 | 45.1% | +3.9% |
| 2020 | 45.0% | -0.0% |
| 2021 | 45.1% | +0.1% |
| 2022 | 39.3% | -12.8% |
| 2023 | 42.0% | +6.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 39.6% | 35.8% | 43.2% | 4 |
| 2010s | 44.6% | 41.9% | 46.5% | 10 |
| 2020s | 42.9% | 39.3% | 45.1% | 4 |
Countries ranked near Upper middle income
- 12 Australia 69.4% compare
- 13 North Macedonia 69.1% compare
- 14 Kazakhstan 69.0% compare
- 15 Canada 68.9% compare
- 16 Argentina 68.8% compare
- 17 Republic of Korea 68.5% compare
- 18 Republic of Moldova 66.0% compare
More public sector data for Upper middle income
- Arms imports 8.06 billion SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 2.63 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0003 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 2.75 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 8.06 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 179.69 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0172 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 6.71 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 551.35 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 176.55 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is subsidies and other transfers in Upper middle income?
- Subsidies and other transfers in Upper middle income was 42.0% 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 Upper middle income?
- The highest recorded value was 46.5% in 2013.
- What is the lowest subsidies and other transfers recorded in Upper middle income?
- The lowest recorded value was 35.8% in 2003.
- How does Upper middle income rank for subsidies and other transfers?
- Upper middle income ranks 15th out of 38 groups with data for 2023.
- Is subsidies and other transfers rising or falling in Upper middle income?
- Over the last ten years it is down 9.8%. The long-run trend across the full record is rising.
- Where does this Upper middle 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.