Expense in Italy
Italy: Expense was 1.01 trillion current LCU in 2023. ◆ Volatile
Expense in Italy, 1973–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for expense in Italy is 1.01 trillion current LCU, measured in 2023. That is the highest value across all 46 years on record.
Compared with earlier readings it is up 4.8% on the previous year and up 42.8% over ten years.
Over the whole period, expense in Italy peaked at 1.01 trillion current LCU in 2023 and was at its lowest, 14.07 billion current LCU, in 1973.
That places Italy 60th out of 157 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 32.47 billion current LCU | 14.07 billion current LCU | 60.36 billion current LCU | 7 |
| 1980s | 220.33 billion current LCU | 81.42 billion current LCU | 285.00 billion current LCU | 5 |
| 1990s | 431.51 billion current LCU | 316.08 billion current LCU | 495.73 billion current LCU | 10 |
| 2000s | 586.31 billion current LCU | 490.12 billion current LCU | 697.60 billion current LCU | 10 |
| 2010s | 724.47 billion current LCU | 690.75 billion current LCU | 763.03 billion current LCU | 10 |
| 2020s | 933.78 billion current LCU | 840.76 billion current LCU | 1.01 trillion current LCU | 4 |
Countries ranked near Italy
- 57 United Kingdom 1.13 trillion current LCU compare
- 58 Uruguay 1.12 trillion current LCU compare
- 59 Saudi Arabia 1.11 trillion current LCU compare
- 61 Burundi 1.00 trillion current LCU compare
- 62 Togo 945.35 billion current LCU compare
- 63 Equatorial Guinea 943.02 billion current LCU compare
More public sector data for Italy
- Arms imports 432.00 million SIPRI trend indicator values (2024)
- Tax revenue 25.6% (2024)
- Taxes on income, profits and capital gains 34.7% (2024)
- Taxes on goods and services 23.7% (2024)
- Net investment in nonfinancial assets 1.6% (2024)
- Net lending (+) / net borrowing (-) -3.4% (2024)
- Interest payments 9.4% (2024)
- Grants and other revenue 6.5% (2024)
- Interest payments 7.6% (2023)
- Other taxes 4.2% (2024)
Frequently asked questions
- What is expense in Italy?
- Expense in Italy was 1.01 trillion current LCU in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest expense recorded in Italy?
- The highest recorded value was 1.01 trillion current LCU in 2023.
- What is the lowest expense recorded in Italy?
- The lowest recorded value was 14.07 billion current LCU in 1973.
- How does Italy rank for expense?
- Italy ranks 60th out of 157 countries with data for 2023.
- Is expense rising or falling in Italy?
- Over the last ten years it is up 42.8%. The long-run trend across the full record is volatile.
- Where does this Italy data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Expense (current LCU). Statizoid updates them automatically from the source API.
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CSV · JSON — 46 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Expense is a decrease in net worth resulting from a transaction. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.