Goods and services expense in Small states
Small states: Goods and services expense was 10.1% in 2022. ▼ Falling
Goods and services expense in Small states, 1991–2022
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
In 2022, goods and services expense in Small states stood at 10.1%.
That represents a change of up 6.9% on the previous year and down 38.3% over ten years.
Over the whole period, goods and services expense in Small states peaked at 16.8% in 2019 and was at its lowest, 9.4%, in 2021.
The long-run direction has been consistently falling across the 29 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 14.1% | 13.2% | 14.9% | 6 |
| 2000s | 13.0% | 11.2% | 14.8% | 10 |
| 2010s | 15.0% | 11.4% | 16.8% | 10 |
| 2020s | 10.7% | 9.4% | 12.6% | 3 |
More public sector data for Small states
- Arms imports 162.00 million SIPRI trend indicator values (2021)
- Tax revenue 20.5% (2019)
- Taxes on income, profits and capital gains 24.1% (2022)
- Taxes on goods and services 33.4% (2022)
- Net investment in nonfinancial assets 3.0% (2019)
- Net lending (+) / net borrowing (-) -2.2% (2019)
- Interest payments 1.8% (2022)
- Grants and other revenue 12.8% (2022)
- Interest payments 1.9% (2022)
- Other taxes 1.8% (2021)
Frequently asked questions
- What is goods and services expense in Small states?
- Goods and services expense in Small states was 10.1% 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 Small states?
- The highest recorded value was 16.8% in 2019.
- What is the lowest goods and services expense recorded in Small states?
- The lowest recorded value was 9.4% in 2021.
- Is goods and services expense rising or falling in Small states?
- Over the last ten years it is down 38.3%. The long-run trend across the full record is falling.
- Where does this Small states 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.
Download this data
CSV · JSON — 29 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.