Goods and services expense in Australia
Australia: Goods and services expense was 10.8% in 2022. ◆ Volatile
Goods and services expense in Australia, 1990–2022
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
Australia recorded 10.8% for goods and services expense in 2022.
That represents a change of up 19.7% on the previous year and up 6.2% over ten years.
Over the whole period, goods and services expense in Australia peaked at 30.6% in 1998 and was at its lowest, 9.0%, in 2021.
That places Australia 99th out of 154 countries with data for 2022, 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 |
|---|---|---|---|---|
| 1990s | 24.9% | 9.2% | 30.6% | 10 |
| 2000s | 10.2% | 9.6% | 11.0% | 10 |
| 2010s | 10.2% | 9.9% | 10.8% | 10 |
| 2020s | 9.8% | 9.0% | 10.8% | 3 |
Countries ranked near Australia
More public sector data for Australia
- Arms imports 983.00 million SIPRI trend indicator values (2024)
- Tax revenue 23.6% (2022)
- Taxes on income, profits and capital gains 67.9% (2022)
- Taxes on goods and services 17.8% (2022)
- Net investment in nonfinancial assets 0.8% (2022)
- Net lending (+) / net borrowing (-) -1.3% (2022)
- Interest payments 3.1% (2022)
- Grants and other revenue 11.5% (2022)
- Interest payments 3.0% (2022)
- Other taxes 0.2% (2022)
Frequently asked questions
- What is goods and services expense in Australia?
- Goods and services expense in Australia was 10.8% in 2022, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest goods and services expense recorded in Australia?
- The highest recorded value was 30.6% in 1998.
- What is the lowest goods and services expense recorded in Australia?
- The lowest recorded value was 9.0% in 2021.
- How does Australia rank for goods and services expense?
- Australia ranks 99th out of 154 countries with data for 2022.
- Is goods and services expense rising or falling in Australia?
- Over the last ten years it is up 6.2%. The long-run trend across the full record is volatile.
- Where does this Australia data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Goods and services expense (% of expense). Statizoid updates them automatically from the source API.
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About this data
Goods and services include all government payments in exchange for goods and services used for the production of market and nonmarket goods and services. Use of goods and services for own account capital formation is excluded. This indicator is expressed as percentage of total expenses which is any decrease in net worth resulting from a transaction.