Goods and services expense in World
World: Goods and services expense was 11.7% in 2022. ▬ Flat
Goods and services expense in World, 2002–2022
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
World recorded 11.7% for goods and services expense in 2022.
Compared with earlier readings it is down 7.5% on the previous year and down 0.2% over ten years.
Over the whole period, goods and services expense in World peaked at 12.8% in 2006 and was at its lowest, 11.4%, in 2013.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 12.3% | 11.7% | 12.8% | 8 |
| 2010s | 12.0% | 11.4% | 12.5% | 10 |
| 2020s | 12.0% | 11.5% | 12.7% | 3 |
More public sector data for World
- Arms imports 28.82 billion SIPRI trend indicator values (2024)
- Tax revenue 13.8% (2024)
- Taxes on income, profits and capital gains 26.4% (2024)
- Taxes on goods and services 31.0% (2024)
- Net investment in nonfinancial assets 1.6% (2023)
- Net lending (+) / net borrowing (-) -4.4% (2023)
- Interest payments 6.9% (2023)
- Grants and other revenue 16.5% (2023)
- Interest payments 5.8% (2022)
- Other taxes 0.8% (2023)
Frequently asked questions
- What is goods and services expense in World?
- Goods and services expense in World was 11.7% 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 World?
- The highest recorded value was 12.8% in 2006.
- What is the lowest goods and services expense recorded in World?
- The lowest recorded value was 11.4% in 2013.
- Is goods and services expense rising or falling in World?
- Over the last ten years it is down 0.2%. The long-run trend across the full record is flat.
- Where does this World 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 — 21 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.