High income | Expense (% of GDP)

Expense is cash payments for operating activities of the government in providing goods and services. It includes compensation of employees (such as wages and salaries), interest and subsidies, grants, social benefits, and other expenses such as rent and dividends. Limitations and exceptions: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD). Despite IMF efforts to standardize data collection, statistics are often incomplete, untimely, and not comparable across countries. Statistical concept and methodology: The IMF's Government Finance Statistics Manual 2014, harmonized with the 2008 SNA, recommends an accrual accounting method, focusing on all economic events affecting assets, liabilities, revenues, and expenses, not just those represented by cash transactions. It accounts for all changes in stocks, so stock data at the end of an accounting period equal stock data at the beginning of the period plus flows over the period. The 1986 manual considered only debt stocks. Government finance statistics are reported in local currency. Many countries report government finance data by fiscal year; see country metadata for information on fiscal year end by country.
Publisher
The World Bank
Origin
High income
Records
63
Source
High income | Expense (% of GDP)
year value
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972 19.28727021
1973 19.76046064
1974 20.56467895
1975 22.52798496
1976 22.85297678
1977 22.89005005
1978 23.23244534
1979 23.33023235
1980 24.42629989
1981 24.59255462
1982 25.62448495
1983 25.79296487
1984 25.19213427
1985 25.62567274
1986 26.4369972
1987 25.94751279
1988 25.13674229
1989 24.76006811
1990 25.01131105
1991 28.69090032
1992 28.48844469
1993 28.58652398
1994 26.682072
1995 27.98613397
1996 26.97074654
1997 25.92174683
1998 25.92819045
1999 25.27863864
2000 25.05069672
2001 25.79149105
2002 26.19490027
2003 26.52996756
2004 26.06938954
2005 26.18705504
2006 25.91511576
2007 25.67040479
2008 26.97856693
2009 29.72713825
2010 29.77257438
2011 28.83790901
2012 28.84411292
2013 28.23152279
2014 27.90297385
2015 27.6314831
2016 27.41364444
2017 27.10223596
2018 27.02563199
2019 27.25197226
2020 34.80349449
2021 33.36349402
2022

High income | Expense (% of GDP)

Expense is cash payments for operating activities of the government in providing goods and services. It includes compensation of employees (such as wages and salaries), interest and subsidies, grants, social benefits, and other expenses such as rent and dividends. Limitations and exceptions: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD). Despite IMF efforts to standardize data collection, statistics are often incomplete, untimely, and not comparable across countries. Statistical concept and methodology: The IMF's Government Finance Statistics Manual 2014, harmonized with the 2008 SNA, recommends an accrual accounting method, focusing on all economic events affecting assets, liabilities, revenues, and expenses, not just those represented by cash transactions. It accounts for all changes in stocks, so stock data at the end of an accounting period equal stock data at the beginning of the period plus flows over the period. The 1986 manual considered only debt stocks. Government finance statistics are reported in local currency. Many countries report government finance data by fiscal year; see country metadata for information on fiscal year end by country.
Publisher
The World Bank
Origin
High income
Records
63
Source